Servicing Quote of the Week

“Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020, performing diligently to implement new forbearance and home retention programs from FHA and other federal agencies. We appreciate FHA’s efforts to streamline the loss mitigation process.”

–MBA’s President and CEO Bob Broeksmit, CMB, discussing the FHA’s release of its permanent loss mitigation waterfall