Comment Detail
Date: 03/18/20 First Name: Mark Last Name: McDonough Email: mmcdono761@aol.com Organization Type: other Organization: Mortgage equity Partners Comment
In order to get monies to people due to the COVID Crisis there should be a TARP like program with an MBS federally backed to mortgage borrowers.An aggressive relaxation of TRID requirements allowing lenders to streamline refinance FNMA/FHMC/FHA debt without appraisals and without the regulatory onus that is creating the current bottleneck.Any competent mortgage banker can edify the issues that could streamline this process.This will effectively allow homeowners to skip a mortgage payment and spend the monies.
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