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#2234118 - 04/02/20 03:19 PM Deferments-escrow
Kristi Offline
Member
Kristi
Joined: Feb 2005
Posts: 94
On loans that are having payment deferrals due to COVID 19, are you having still having customers make their escrow payment monthly and just deferring the P&I? We would like to continue to require the escrow payment if they are able to make that payment.

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Mortgage Servicing Rules
#2234119 - 04/02/20 03:30 PM Re: Deferments-escrow Kristi
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Totally a business decision.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2234130 - 04/02/20 05:17 PM Re: Deferments-escrow Kristi
Ms. X Offline
New Poster
Joined: Jan 2018
Posts: 24
If we choose to continue to require escrow payments while deferring P&I and the customer does not make the escrow payment, I would assume we should not consider them delinquent during the deferment period - true?

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#2234146 - 04/02/20 06:44 PM Re: Deferments-escrow Kristi
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
No different than they stopped now.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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