Quyen Truong Discusses Loss Mitigation Standard Amid COVID-19 Crisis
Quyen Truong is featured in a National Mortgage News article titled “Why Servicers May Need a Loss Mit Standard That Goes Beyond HAMP,” which looks at the need for a new loss mitigation standard due to the coronavirus pandemic.
Truong notes that previous standards like the Home Affordable Modification Program (HAMP), which was used after the 2008 financial crisis, were “too complex to implement” and “would not be effective in the current situation.”
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