Industry Trades Seek Clarification of CARES Act Forbearance Period
By EsqSocial Corporation 22/12/20
Three industry trade associations sent a letter dated December 17, 2020, to federal agencies, Fannie Mae, and Freddie Mac seeking guidance on the CARES Act concept of the covered period during which a borrower may request a forbearance in making payments on a covered single-family mortgage loan. The industry trades are the American Bankers Association, Housing Policy Council, and Mortgage Bankers Association. The federal agencies are the Federal Housing Finance Agency, U.S. Department of...
By: Ballard Spahr LLP