This paper was prepared by Marsha Courchane and Amand Raman, Partner and co-leader of Skadden’s Consumer Financial Services Litigation and Enforcement practice. The paper discusses default servicing as a priority for federal regulators, enforcement agencies, servicers and their advisors. It was released at the Mortgage Bankers Association Regulatory Compliance Conference 2010.
COVID-19 crisis – Mortgage forbearance considerations
During the current COVID-19 crisis, many financial institutions have responded by tightening their lending standards while increasing allowable forbearance...