Forbearance Confusion Has Gone on Too Long

Loan Mod

Forbearance Confusion Has Gone on Too Long

Despite all the concern about forbearance reporting discrepancies over time, transparency remains an issue.

This is the year that should change.

Regulatory attention is supposed to be laser-focused on servicers right now, especially when it comes to how consistent they are in applying workouts. So regulators should be looking closely at whether loans have forbearance.

It’s getting a little easier to see forbearances in investor reporting, but not as easy as it should be given all the concern voiced about it by investors, regulators, researchers, reporters and ratings agencies like Fitch, Standard & Poor’s and Moody’s in recent years.

“The information has become more expanded and more transparent,” according to Natasha Aikins, a director at Fitch Ratings in New York.

But it’s still not always clear in reporting whether a loan includes forbearance, and that means all stakeholders have a lot more work to do.

Rest here…


One Response to “Forbearance Confusion Has Gone on Too Long”
  1. Well they better get to Nationstar Mortgage that took all of GMAC mortgages. Nationstar and GMAC has been filing false documents in the courts getting bailouts and forged assignments. I have reported all of my documented evidence with the court showing fraud on the court with forged signatures, photo-shopped stamps on assignments, UN certified copies of notes and mortgages that don’t exist, and one signature contracts that were never transmitted to any lenders so no signatures of the lenders agents or even notary stamped signatures on foreclosure filings by any witnesses. This has to stop. Nationstar mortgage is a debt collector getting the court to allow assignments of standing when they don’t have any agent relationship with the borrower, who did not sign any agent contract with MERS to assign any loans or debts to anyone else. Even the Pennsylvania District Attorney refused to help me saying that it is already being litigated when the truth is no agency is doing anything to stop all these pretender Lenders from being allowed to destroy this country by the powers of the Banks that caused all the Trillions of dollars that disappeared from this country.

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