Relief for Homeowners and Renters
We’re extending help to millions of homeowners and renters facing financial hardships as a result of COVID-19.
We continue to see positive signs of recovery in the multifamily market, and our Small Balance Loan (SBL) portfolio has demonstrated strong metrics with respect to occupancy and collections. The main purpose of the COVID-19 Debt Service Reserve (DSR) was to ensure there were funds available to make debt service payments in case a property experienced stress due to the pandemic.
With that said, I’m pleased to announce substantial changes to our SBL COVID-19-related credit requirements.
Effective November 1, the COVID-19 DSR is eliminated for all SBL loans in process that have not yet closed with the Optigo® lender
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