Ginnie Mae Addresses Servicer Liquidity Issues
March 28, 2020 Nixon Peabody, CARH’s General Counsel, and CARH have been working on Section 515/538 subordination agreement “language.” Below is an update: The CARES Act signed by President Trump Friday provides a residential mortgage forbearance for federally backed loans (section 4023) and a temporary eviction filing moratorium for rent nonpayment (section 4024). That has…