Quote: Tuesday Mar. 7, 2023

“Policymakers must provide the certainty necessary for the industry to transition beyond the pandemic by addressing two issues: 1) the necessary extension of the successful ‘temporary flexibilities’ into permanent solutions and 2) loss mitigation in a high-interest rate environment. It will be essential for Congress, the administration and policymakers at all levels to take the coordinated actions necessary to ensure that servicers can continue to support struggling borrowers.”
–From an MBA White Paper on loss mitigation strategies.