Posted To: MBS CommentaryThe initial House draft of the CARES Act included a provision that Fed and Treasury would “extend credit to mortgage servicers that have liquidity needs due to the COVID-19 emergency or due to delinquency/default on mortgages due to the COVID-19 emergency.”

That was fairly important because the CARES Act also effectively encourages homeowners to seek out forbearances and arguably suggests there’s no downside to doing so. To be sure, there was (and still is) a risk that servicers and the GSEs could run out of money if the forbearance issue gets big enough. But that would just be the sensational headline for a few companies. If the GSEs were affected, they’d take a draw from Treasury and life would go on. By far the bigger issue is the generally defensive response that it’s…

(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

McDevitt Real Estate Closing Attorney Services - Real Estate Law Massachusetts

Have a question about Real Estate Law or need a closing attorney?  Fill out the form below or call us at 617-282-7550.

We are conveniently located in Hingham and Milton, Massachusetts.

  Contact a McDevitt Law Group Real Estate Attorney today!



McDevitt Law Group voted #1 Choice for Attorney - Lawyer Milton, Massachusetts by Wicked Local Readers Choice






Article From: "Matthew Graham"   Read full article

lawyers for real estate, Boston Massachusetts, arrow icon

McDevitt Law Group

Massachusetts Real Estate Attorneys
•   •   •

McDevitt Law Group strives to provide the highest quality real estate law and estate planning services, and we have for almost 40 years. As a small law firm, we pride ourselves on providing personal attention to your case and providing the highest quality representation. Call us today, or use the contact form below.

Barnstable County | Bristol County | Duke County | Essex County | Middlesex County | Nantucket County | Norfolk County | Plymouth County | Suffolk County

Just click on the Phone Number to dial on your phone:



lawyers for real estate, Boston

Pin It on Pinterest