Our Financial Services & Products Group answers some questions mortgage servicers might have about how federal and state agencies will be flexible with enforcement under the CARES Act.
- What is the “covered period” for purposes of Section 4022?
- Can a servicer require a borrower to provide a written attestation?
- Should servicers report the status of loans on forbearance?
- What is being done to address mortgage servicer liquidity concerns?
Alston & Bird has formed a multidisciplinary task force to advise clients on the business and legal implications of the coronavirus (COVID-19).