Loan Think

As the nation struggles with the coronavirus, now is not the time to make major revisions to the Community Reinvestment Act.

We need to be doing everything possible to ensure those that needed down payment assistance are able to keep their homes during this crisis and beyond.

FHFA head Mark Calabria and his FSOC counterparts need to sit down with the Treasury and fashion an emergency capital plan for the GSEs.

If rising flood waters were the right analogy last time around, this time a tsunami is probably a more accurate description of the wave of delinquencies about to come.

The CARES Act does not define what a covered period is when it comes to residential mortgage borrower requests for forbearance.

Community banks and credit unions could carve out an opportunity by refinancing mortgages from larger institutions.

Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.

The government is cushioning the impact of the coronavirus on consumers, but independent mortgage bankers need funding to deal with increased levels of servicing advances because of forbearances.

With increased economic distress because of the coronavirus, lenders are likely to see an increase of borrowers looking for a mortgage rescission, arguing they are eligible for an extended filing time frame.

A number of proposals have been floated for debt payment holidays and other types of moratoria, but such approaches offer solutions that are worse than the problems.