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Patchwork of Coronavirus (COVID-19) Mortgage and Rent Forbearance Efforts Creates Challenges for Mortgage Lenders and Servicers

By Nancy Thomas, Joseph Gabai & Prabhjyot K. Singh on March 26, 2020
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As consumers and business face ever-worsening financial conditions in the wake of the COVID-19 pandemic, federal agencies and some states and localities have stepped in to provide foreclosure and eviction relief.  Not surprisingly, the approaches to providing this relief vary greatly, creating significant operational challenges for servicers operating in multiple jurisdictions. We discuss below these varying approaches and provide a chart of federal and state actions with links to the relevant orders and guidance.

Read our client alert.

  • Posted in:
    Financial
  • Blog:
    MoFo ReEnforcement: The Enforcement Blog
  • Organization:
    Morrison & Foerster LLP

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