Topic
Forbearance
22 published works
New Jersey Foreclosure Defense Blog
Mortgage Forbearance Ending in New Jersey? Compare Repayment, Deferral, and Modification Before the Deadline
By John Fazzio
Illustration: An affordable forbearance exit plan accounts for the regular payment, arrears, escrow, and future balances. Short answer: Before a mortgage forbearance ends, obtain a written explanation of the missed-payment…
ContractsProf Blog
A Bewildering Statute of Frauds Case
Trugon Properties (Trugon) took out a $2.6 million loan from Wachovia Bank in 2005, which assigned the loan to American First Federal (AFF). Two individuals signed personal guarantees on the…
Financial Services Perspectives
California Enacts Mortgage Forbearance Act, Effective Immediately; Will Pose Compliance Challenges for Servicers
On September 22, 2025, California Gov. Gavin Newsom signed the Mortgage Forbearance Act into law, with an immediate effective date. The law, designed to provide emergency relief to California mortgage…
ContractsProf Blog
From Sid DeLong, Something About Nothing
Much Ado About Nothing: Haaning’s Empty Canvases and Forbearance ContractsSidney W. DeLong The reader may be familiar with the story of Danish performance artist Jens Haaning, who was commissioned by…
Consumer Finance Enforcement Watch
CFPB Enters into $5.25 Million Consent Order with California Mortgage Servicer
On November 17, 2022, the Consumer Financial Protection Bureau (CFPB) announced that it entered into a consent order with a California-based mortgage servicer concerning its purported failure to provide certain borrowers forbearances and protections…
Consumer Finance Monitor
CFPB Issues RFI on Mortgage Refinances and Forbearances
The CFPB recently issued a Request for Information Regarding Mortgage Refinances and Forbearances (RFI) Comments on the RFI will be due 60 days after publication in the Federal Register. In…
Consumer Financial Services Review
CFPB Report on Servicers’ COVID-19 Response Signals Enforcement Priorities
By Eric J. Edwardson, Stephanie C. Robinson
On August 10, 2021, the CFPB’s Office of Supervision Policy published a report titled Mortgage Servicing COVID-19 Pandemic Response Metrics: Observations from Data Reported by Sixteen Servicers (“Servicing Metrics Report”). …
Ira J. Metrick's Law Blog
NJ Mortgage Forbearance Ends June 30
COVID-19 Mortgage Forbearance is Ending June 30, 2021 On March 19, 2020, New Jersey Governor Phil Murphy issued Executive Order 106, which suspended eviction and foreclosure removals throughout the state.…
Credit Chronometer
Doom with No Gloom: Forbearances Mask the Impact of COVID-19 on Subprime Auto
A review of market performance since the start of the COVID-19 crisis could lead one to ponder a new existential question: Can there be pending doom, if there’s no gloom?…
Banking Law Update
Financial Institutions . . . In the News
Rent and loan payment forbearance rules are not all the same. (Sun Journal 5.1.2020) Applications for rent relief have increased in the last few weeks. (Central Maine 4.29.2020) The Federal…