First launched in April of 2020, the Pass-Through Assistance Program (PTAP) was an important initiative designed to provide mortgage servicers with the liquidity needed to endure the financial challenges due to the COVID-19 pandemic. As millions of borrowers struggled to meet their mortgage payments, PTAP served as a lifeline, ensuring that servicers could meet their obligations to investors. Today, this program is poised to play an even more important role in the face of ongoing economic challenges. However, to embrace its full potential, PTAP needs a facelift.

The Financial Stability Oversight Council (FSOC) has recommended that Congress consider expanding PTAP into details ⇒

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