Ginnie Mae’s newly imposed restriction on repooling of reperforming forborne loans yet again penalizes servicers acting as essential service providers in the continuing efforts to protect mortgagors facing financial hardship...more
Many of you have read about the power of the president to invoke the Defense Production Act to acquire products or direct the activities of suppliers based on a finding that it is necessary for the federal government to...more
6/9/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Fannie Mae ,
Financial Distress ,
Forbearance Agreements ,
Freddie Mac ,
Ginnie Mae ,
GSE ,
Mortgage Servicers ,
Mortgages ,
Relief Measures
Any day now, maybe even today, Ginnie Mae will announce the details on its Pass-Through Assistance Program (“PTAP”), through which Ginnie Mae will provide a liquidity facility for issuers that need help meeting their...more