Caliber Home Loans is mailing solicitations to customers of Quicken Loans, offering to refi them at 3.125% for a 30-year fixed-rate mortgage. In one solicitation we saw an “immediate benefit” listed included the ability to “defer” a mortgage payment…
It’s not final yet, but servicers stand to make at least $500 per unit to handle GSE loans that need to be deferred because of COVID-19-related hardships.