Special Treatment for COVID-19 Mortgage Deferrals Slows Down

A Federal financial regulator announced it is cutting back on Coronavirus related relief for banks who offer deferred mortgage payments, this coming after lenders begin to offer “business-as-usual alternatives” again.

During the Pandemic, the Office of the Superintendent of Financial Institutions allowed federally regulated lenders to treat loans where the payments are deferred as performing or still being paid back

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