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Servicers ramp up operations amid forbearance challenges

F1-feb - magazine article

Last year brought with it one of the most surprising years housing has ever seen, but for mortgage servicers, their work has only just begun. 

As 2019 came to a close, economists vigorously debated the chances of a recession in 2020. While divided, many suggested that a recession would be a possibility near the end of last year or even in early 2021. Others said we wouldn’t see any sort of recession until at least 2022. 

Then COVID-19 made its appearance. 

And while it did bring about a recession in 2020 as job losses mounted and stay-at-home orders slowed down details ⇒

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