Tag Archives: Coronavirus

With the COVID-19 pandemic bringing the nation to a halt, DS News checks in with industry leaders on the lessons they’ve learned from previous disasters and how they’re applying them to the current crisis.

With the COVID-19 pandemic putting servicers’ disaster response procedures to the test, automation is more important than ever.

During a virtual roundtable with the House Financial Services Committee, industry leaders said renters need a long-term solution once eviction moratoriums are lifted.

Housing experts say perhaps it’s time for more robust and permanent government support in the housing finance system.

The $3 trillion legislation expands on many of the provisions approved in the CARES Act, which offered relief to millions of renters and mortgage holders.

The latest numbers have been enhanced to include loans that were in forbearance but not previously reported as “COVID-19-related.”

FHFA Director, Dr. Mark. A. Calabria, said this new measure “provides certainty for families” impacted by the outbreak of COVID-19.

The Presidential candidate called for expansive housing relief that would include a bailout for struggling homeowners and renters.

John Vella, Chief Revenue Officer of Altisource, spoke with DS News on some of the financial challenges facing lenders, servicers, and their vendor partners as COVID-19 hits businesses.

Click through to find out when borrowers in forbearance can repay mortgages due to COVID-19.