If your mortgage is backed by the federal government, provisions of the recently enacted CARES Act allow you to suspend payments for up to 12 months. In addition you will not be charged late fees or reported to credit bureaus. Foreclosures and evictions will be suspended for at least 60 days
BOA已经买了烂CountryWide以后，布什再要Lewis take 烂 Merrill Lynch，导致BOA处在cras
BOA的股票跌到3块多一点undervalue了。BOA当时的CEO Lewis号召BOA的director以上的都去买BOA的股票support自己的银行。然后很多投资人跟进把BOA的股票提升了上来。我到现在还hold这个股票呢，为什么不买，Lewis这样说话 政府肯定会撑住这个银行/投行，像fed hold C一样。
https://www.investopedia.com/how-to-get-mortgage-relief-4800539
If your mortgage is backed by the federal government, provisions of the recently enacted CARES Act allow you to suspend payments for up to 12 months. In addition you will not be charged late fees or reported to credit bureaus. Foreclosures and evictions will be suspended for at least 60 days延长6个月不会有任何记录。对银行来说要记仇就更是胡扯了。因为你交涉的是servicer，跟underwriter你最初的loan基本不是一家银行。即使最初underwriter跟servicer是一家银行，银行也不会有损失。因为你的loan是fed的二级市场买走了的。
只有像薯老爷这样基本商贷的没办法得自己扛。
underwrite是贷款真正的把关人。没有办法的话这样做是救自己，否则没必要去影响可能以后要做的贷款。
Borrower => Servicer => Invester
GSE (government sponsored enterprise, Fannie and Freddie) 收保费，borrower default 他们赔
但是要 servicer 先垫付。servicer 垫不出，又要什么救济方案
https://www.wsj.com/articles/fannie-freddie-unlikely-to-aid-mortgage-companies-as-payments-dry-up-fhfa-chief-says-11586289067 Fannie, Freddie Unlikely to Aid Mortgage Companies as Payments Dry Up, FHFA Chief Says
Mark Calabria says he sees no evidence of systemic crisis among nonbank servicers
By Andrew Ackerman
Updated April 7, 2020 4:26 pm ET
A top U.S. regulator said he isn’t likely to heed mortgage companies’ calls to help ease the cash-flow crunch they are expecting when Americans who lose their jobs stop making mortgage payments.
Mark Calabria, who heads the Federal Housing Finance Agency, described industry concerns as “spin.” In an interview on Tuesday, he also said he doesn’t see it as the role of government-backed housing-finance giants Fannie Mae and Freddie Mac, which he oversees, to help the mortgage companies.
“I’ve seen zero [evidence] to suggest that there’s a systemic crisis across the nonbank servicers,” Mr. Calabria said. “If this goes on for a year, maybe. But I think the frustration here is a lot of just misrepresentation.”
Mortgage companies, such as Mr. Cooper Group Inc. and Quicken Loans Inc., collect payments from homeowners and pass them on to investors who hold securities issued by Fannie and Freddie.
The mortgage companies are on the hook to continue payments to investors even if homeowners fall behind. The companies are eventually reimbursed by Fannie and Frannie, but the process could take several months.
Normally this isn’t a problem. But the mortgage companies, also known as servicers, are bracing for a cash crunch as homeowners take advantage of a government offer to suspend payments during the coronavirus pandemic. The offer is part of the $2.2 trillion relief package enacted last month.
The industry has spent weeks lobbying Congress and the Trump administration to establish a lending facility to help finance the billions of dollars of payments they will be obligated to make to mortgage investors.
Advancing payments to investors could prove difficult, since many of the servicers aren’t banks and don’t have deposits or other business lines to cushion them. Such nonbank lenders originate about 60% of all U.S. mortgages, and roughly 40% of those are guaranteed by Fannie and Freddie and sold to investors.
Former industry officials said the inability of mortgage servicers to finance these payments is already crimping consumers’ ability to get new loans.
“Congress and the administration have an obligation to support the forbearance program that they themselves put into place, or they risk further credit contraction, which is only going to make the recovery far harder,” said David Stevens, a former head of the Federal Housing Administration, which mostly insures loans for first-time home buyers.
Mr. Calabria said his agency isn’t seeing the alarming levels of forbearance requests estimated by some industry groups, which have suggested that up to 25% or more of borrowers would seek payment relief. At present, the figure is closer to 2% for Fannie and Freddie borrowers, he said, citing industry statistics through April 1.
Mr. Calabria said his job is to ensure the safety and soundness of Fannie Mae and Freddie Mac, government-backed entities that are pillars of the $10 trillion housing market.
The role Fannie and Freddie play in a downturn is “not to bail out people in the industry,” he said. “Their countercyclical role is to provide mortgage credit, and I see no evidence that that is not happening.”
Write to Andrew Ackerman at [email protected]
这和联邦这个法令没有冲突呀。人家underwrite不笨，会把你整个信用报告读遍的。
我可能是属于忧天一类。我老早就说过这个风险问题而且点名提醒快牛了，人家根本不听。幸好他命好，现在是trump时代trump是生意人尤其房地产生意人，对地主作了这个保护。如果是O8时代金融危机时，很多人就是这样撑不住多久把房子全都还给了银行的。做房地产还是保守点眼光远点好，不要只看眼前利益。
我可以证实 - lenders 近两周专门来电问寒暖。Interest only payment, or complete loan deferment, 如果要求48小时内办到。
underwriter是贷款真正的把关人？ - 或许没有错， 可是到了一定程度 他们95% rubber stamp lending officer.
李曼兄弟没有人可以hold，导致金融crash。fed接管二房。
现在房客用行政命令保护了，房东银行可以托住，但是真正危险的银行业政府还是没有出什么保护令。所以现在风险还是在的。要看trump怎么做了，现在还很难说会到怎么个情况。所以地主最好现在把自己的口袋加深，hold住口袋看机会。现在还不是出手的时候呢。
记得你第一个房出手是10年是好机会，而不是08年。08年出手的很多地方都后悔S了。
自己的情况做决定。不要觉得不做白不做，有的时候可能会有后遗症，也要考虑的。
布什找了几个银行只有BOA努力hold一个，fed只能hold一个。才导致百年银行李曼兄弟倒台，拉起了金融风暴的连锁反应。
没意思，不和你争论这个了。我只是想说并不是fed总是可以全部hold的，fed要权衡很多利益关系。所以现在就是要看trump怎么做了。
要承认这个事实，金融危机让很多有产阶级变成了穷人。美国已经再也折腾不起了。这个后果政府应该要考虑。
完全不像銀行。
导致美国现在这么糟糕。
BOA的股票跌到3块多一点undervalue了。BOA当时的CEO Lewis号召BOA的director以上的都去买BOA的股票support自己的银行。然后很多投资人跟进把BOA的股票提升了上来。我到现在还hold这个股票呢，为什么不买，Lewis这样说话 政府肯定会撑住这个银行/投行，像fed hold C一样。
我们投资人只需要了解该了解的信息，没必要跟你比知道多少信息吧。读东东要读到要点好不好。
那三个银行/投行本来就要倒台还有啥好帐？
美国政府给钱是以后的事，情形已经比较明朗了。