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To cover projected Covid-19 losses
Posted by Bear900/CA of CA on 11/21/20 12:55pmMsg #626688
"The fee is necessary to cover projected COVID-19 losses of at least $6 billion at the Enterprises. Specifically, the actions taken by the Enterprises during the pandemic to protect renters and borrowers are conservatively projected to cost the Enterprises at least $6 billion and could be higher depending on the path of the economic recovery.

Those expenses are expected to at least include:

$4 billion in loan losses due to projected forbearance defaults;
$1 billion in foreclosure moratorium losses; and
$1 billion in servicer compensation and other forbearance expenses."
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Messages in this Thread
 Adverse market Fee - Luckydog on 11/21/20 10:12am
 To cover projected Covid-19 losses - Bear900/CA on 11/21/20 12:55pm
 Re: To cover projected Covid-19 losses - Luckydog on 11/21/20 1:07pm
 Re: To cover projected Covid-19 losses - Bear900/CA on 11/21/20 4:41pm
 Should be GSE n/m - Bear900/CA on 11/21/20 4:42pm
 And 2008. Sheesh - Bear900/CA on 11/21/20 4:44pm
 Re: To cover projected Covid-19 losses - Luckydog on 11/21/20 5:56pm
 Re: To cover projected Covid-19 losses - Bear900/CA on 11/21/20 6:49pm
 Adverse Market Fee - notarydi/CA on 11/22/20 2:05pm
 Re: Adverse Market Fee - Luckydog on 11/22/20 2:43pm
 How do you know if you are pricing yourself out of the - ananotary on 11/23/20 1:19pm
 Re: How do you know if you are pricing yourself out of the - Luckydog on 11/23/20 6:36pm
 If you're being hung up on when negotiating...you're doing - ananotary on 11/23/20 7:43pm
 Agree... -  JanetK_CA on 11/24/20 12:27am
 Re: Agree... - ananotary on 11/24/20 1:13pm
 Re: Agree... - Luckydog on 11/24/20 7:35pm
 Don't think we are taling about the same thing when - ananotary on 11/25/20 7:45am
 Re: Don -  JanetK_CA on 11/25/20 4:17pm
 Thanks for confirming what a BWR told me this afternoon. - Alz on 11/22/20 8:52pm
 4 months?? No, not even close. - NVLSlady/VA on 11/22/20 8:25pm
 Re: Adverse market Fee -  Cheryl Elliott on 11/23/20 4:16pm



 
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