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Jeff Taylor Quoted in Quartz

May 06, 2020

Jeff Taylor, Co-founder and Managing Director for Mphasis Digital Risk was quoted by Quartz in their latest story on missed rent and mortgages rippling across the economy.


Jeff, also a board member of the Mortgage Bankers Association (MBA), said the passage of Dodd-Frank regulations after the 2008 financial crisis significantly changed what kinds of mortgages could be approved. Investors in mortgage-backed securities that are supported by the government, through Fannie Mae and Freddie Mac, will continue to receive regularly scheduled payments, such as the coupon payments for bonds, even if mortgage holders are granted forbearance under CARES, Taylor said.


Even with historic unemployment rates, any declines in national residential real estate prices are also expected to be relatively modest and short due to tight inventory levels, Taylor said.


Talking about the impact of the forbearance program enrollments, Taylor said that it will result in banks and mortgage lenders adjusting and refinancing to account for modification requests from homeowners for how they will pay the suspended or deferred payments. Even with historic unemployment rates, any declines in national residential real estate prices are also expected to be relatively modest and short due to tight inventory levels, Taylor said.


To learn more, read the full article here.

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