Chief Mortgage Regulator Working on Plan for Potential Spike in Delinquencies from Coronavirus
CNBC, Mar. 17, 2020–Diana Olick
As the growing economic impacts of the coronavirus roll through the nation, some of the nation’s largest mortgage lenders are already getting calls from borrowers, concerned they won’t be able to make their monthly payments. Both government and independent regulators for the mortgage industry are now working on plans to deter another foreclosure crisis.