Posted To: Pipeline Press

As oil prices plummet this morning, while in captivity, uninterrupted sleep is a good thing. I know for a fact that the staff of the Mortgage Bankers Association, including President Bob Broeksmit, is not getting much of it. It is important to be united in the industry’s discussions with politicians and regulators. The MBA has a site with the latest Covid-19 information , including forbearance updates and information you can give consumers, and this week there’s a webinar on forbearance questions . And anyone who doesn’t belong to the Mortgage Action Alliance should. Heck, it’s free and has over 30,000 members (out of an industry of over 250,000 employees.) Remember the “pick-a-pay” programs? Now we have “ skip-a-pay ” and it is rumored that real…(read more)

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Source: Mortgage News Daily