Source: Scotsman Guide, Nov 2020 issue

‘A Dam Ready to Burst’ – in Novembers Scotsman Guide, Aspens’ Kevin Karty discusses the impact of the pandemic on the mortgage industry and how borrowers and servicers can use refinance as an alternative to loss mitigation efforts. Karty examines the CARES ACT rules which make it both possible and often highly attractive for borrowers to refinance as part of their strategy to exit forbearance and retain their homes.