Posted To: Pipeline Press

Thank you to Tracy C. sent, “An unemployed court jester is nobody’s fool.” There are millions of unemployed U.S. citizens, and the CFPB, HUD, and other federal agencies have partnered to encourage homeowners who are struggling financially, unemployed or not, as a result of the COVID-19 National Emergency to take control of their mortgage loans with resources to support customers and clients. Click here to access the CFPB’s online toolkit. Every MLO should send it to their clients to forward to friends who may be strained: 2.7 million homeowners are in forbearance plans. And the strain is apparent in Ginnie Mae loans. Versus the MBA’s forbearance numbers Fannie Mae and Freddie Mac loans in the latest survey (3.35 percent), Ginnie Mae loans in forbearance are more…(read more)

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Source: Mortgage News Daily