Loan Extensions, Deferrals and Modifications in the Shadow of COVID-19

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With the economic hardship from the COVID-19 pandemic spreading across the country, the nation’s financial institutions are dealing with an unprecedented number of requests that borrowers be allowed to skip or defer one or more payments. Many lenders have so many inquiries coming in they don’t have time to give each the careful attention they ordinarily would; they have to process each quickly and move on. There is pressure to act fast and with a minimum of paperwork.

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Loan Extensions, Deferrals and Modifications in the Shadow of COVID-19 – Northlegal

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