08/13/2020
Borrowers will have to decide if requesting deferments is worth the risk of potential future lending restrictions based upon the lender’s desire to lend to borrowers who choose to defer mortgage payments when the opportunity arises.
Read the full Originate Report August edition here. – When Congress passed Section 4021 of the CARES Act in response to the effects of COVID-19, their intent was to help borrowers who were having problems making their mortgage payments. Little did Congress realize that they were potentially settin...