RMBS servicers to “work for free” under virus rescue bill

Jennifer Kang

March 26, 2020 08:15 PM

Money_House_AdobeStock_575x375_18Feb20 — Home loan, mortgages, debt, savings money for home buying concept. Dollar money bag, small residential, house model and coins on table against green nature background. Exchange of finances and houses. | indysystem - stock.adobe.com

The $2tr coronavirus relief bill passed by the US Senate on Wednesday has mortgage servicers worrying that they are set to bear the brunt of the cost of the 90 days of mortgage forbearance set out in the legislation.

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Topics

Coronavirus Health and Biotech RMBS Securitization United States Americas North America SRI

JK

Jennifer Kang