Urban Institute

The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act  offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay their mortgage payments for up to 180 days, with another 180-day extension available after the first forbearance … The post Mortgage Forbearance …

In a report authored in part by former FHFA Special Advisor Bob Ryan, the Urban Institute assessed the FHFA’s proposal and how the Agency can “iron out the wrinkles” of a single security. The post Streamlining the Uniform Mortgage-Backed Security appeared first on DSNews.