Tuesday 28 April 2020

Second wave: Mortgage lenders could face more chaos after forbearance ends

As requests for mortgage forbearance ballooned in April, mortgage servicers — and their call centers — experienced an avalanche of inquiries. But that might be the easy part. The real chaos could be waiting six months down the road when homeowners begin trying to resume payments, Bloomberg reported. Confusion around repayment policy could lead to piles of paperwork, serious delays, and even foreclosures. Sources told the publication that Fannie Mae, Freddie Mac and the Federal



source https://therealdeal.com/2020/04/28/second-wave-mortgage-lenders-could-face-more-chaos-after-forbearance-ends/

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