Mortgage Retention Requirements See Renewed Emphasis During COVID-19 Pandemic
JULY 16, 2020
This means even greater challenges for servicers, who are dealing with record volumes and geographically scattered employees no longer working in a central office. million homeowners — 9% of all outstanding mortgages — were in private sector or government mortgage forbearance programs as of Memorial Day, with numbers only projected to rise heading into summer. Detailed Documentation Required. The financial fallout from COVID-19 never seems to stop spreading.