Democratic Bills Would Bar GSEs from Charging Forbearance Fees

National Mortgage News, July 22, 2020–Neil Haggerty (subscription)
Sen. Bob Menendez, D-N.J., unveiled the Promoting Access to Credit for Homebuyers Act on Wednesday. The bill would require the two government-sponsored enterprises, as well as the Federal Housing Administration, to continue backing mortgages subject to forbearance plans without imposing additional restrictions or costs on borrowers or lenders.