Acting Director Uejio: "For example, women- and minority-owned small businesses faced more severe economic consequences than their White counterparts, and Black and Hispanic homeowners were less likely to receive mortgage relief and forbearance.”
Quicken, the nation’s fifth largest mortgage servicer, said consumers would benefit if processors are provided additional time and flexibility to evaluate borrowers facing hardships past the expiration of the eviction moratorium...
The FHFA’s focus on agency CMBS is curious because, as the bulletin explains, these securities typically have significant prepayment protection clauses that aren’t available on residential MBS.
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