Coffee Klatch Virtual Series: Servicing Moratoriums and Forbearance

It’s over a year since US Congress passed the first iteration of the CARES Act in March 2020, which, among other things, (1) granted mortgage borrowers the right to forbearance on their monthly mortgage payments for loans sold to Fannie Mae or Freddie Mac or insured or guaranteed by the Federal Housing Administration, US Department of Veterans Affairs and the US Department of Agriculture, if they were suffering a financial hardship from COVID-19; and (2) suspended payments, the accrual of interest and involuntary collections on federal student loans held by the US Department of Education. The Biden administration wants to be sure that consumer relief is not terminated too quickly in light of the continuing pandemic, but at some point, borrowers who can resume payments must do so and those who can’t should be considered for other loss mitigation options. How to balance the competing interests of consumers, communities and investors is delicate at best.

Join members of Mayer Brown’s Consumer Financial Services practice as they discuss next steps being considered by the Biden administration with respect to residential mortgage loan and student loan forbearance and moratoriums.

United States
10:30 a.m. – 11:00 a.m. EDT
9:30 a.m. – 10:00 a.m. CDT
8:30 a.m. – 9:00 a.m. MDT
7:30 a.m. – 8:00 a.m. PDT

Europe
3:30 p.m. – 4:00 p.m. BST
4:30 p.m. – 5:00 p.m. CEST

For additional information or to register, please contact Liz Whitley at lwhitley@mayerbrown.com or +1 202 263 3092.