The Fannie-Freddie Forbearance Bailout
Provided by Structured Finance Association
Forbearance is certainly the new trending word. It’s all over the media. And suddenly everyone is an expert on the once-arcane business of mortgage servicing.
Dire predictions are being made about nonbank servicers, although the data is coming in one week at a time. Thus far, the nonbanks are generally holding in, and they are supporting the secondary markets and their borrowers as best they can. Many nonbanks are also taking the lead in addressing COVID-19 on behalf of the global investors in mortgage backed securities (MBS) they represent.
Read entire feature in The Institutional Risk Analyst.