45
SPECIAL
REPORT
COVID-19
COVID-19 has led to an economic pause across the nation, as the mortgage servicing, state
and local governments, and every other sector of American life have been forced to respond
in a variety of ways. Businesses are moving to a "work from home" model, stocks have
experienced historic drops, and the Federal Reserve has enacted significant rate cuts.
With mortgage servicers adapting their businesses to these current challenges, DS News
reviews how all stakeholders are working to alleviate the strain on both homeowners and
their own workforce, from foreclosure halts and forbearance options to utilizing the latest
technology in order to keep business moving forward.
The pages ahead include the latest updates and insights from the Department of Housing
and Urban Development, the FHFA, Fannie Mae, Freddie Mac, and the White House, as well as
major financial institutions including JPMorgan and Wells Fargo.
