CHLA Asks Federal Mortgage Officials to Facilitate Refis to Borrowers with Forbearance that Regain their Jobs

CHLA today sent a letter to top federal mortgage officials, asking them to be flexible in allowing refinancing loans to borrowers that regain their jobs after going into forbearance – without imposing higher fees – as an alternative to a partial claim to deal with the missed payments. The model is the post-2008 GSE HARP program, except the exemption would be for recently missed payments instead of a loan being underwater.