33
SPECIAL
REPORT
COVID-19
COVID-19 has caused havoc across all economic sectors over the past few weeks.
More than 20 million Americans are unemployed, the Federal Housing Finance Agency
(FHFA) and the Department of Housing and Urban Development (HUD) instituted
mortgage forbearance plans for those unable to pay their mortgages. Despite the plans,
there are some that believe foreclosure and delinquencies are expected to increase in
the coming weeks.
Among the leading concerns for the industry is the growing threat of liquidity concerns
among mortgage servicers.
In the pages ahead, DS News continues to follow this global pandemic and its impact
on the housing and mortgage industry. Read more for insights from HUD, the FHFA, the
Federal Reserve, and the U.S. Department of the Treasury on how they are working to
protect homeowners.
