5 mortgage-related policies that are in flux due to the coronavirus
The standard prerequisites for home loans have been subject to several temporary exceptions in order to address the pandemic's impact — but the nature of that impact keeps changing.
As a result, many additional policy tweaks have been made, or proposed, to keep the U.S. mortgage market running smoothly. Some of those alterations may be reversed once they're no longer needed, others may result in permanent change.
From guidelines for remote appraisal alternatives to the way forbearance affects borrowers' ability to get new loans, here are five examples of mortgage-related policies that have been in flux since the coronavirus spread in the United States.