Certainty was in short supply for much of 2020, but as the calendar turns to 2021, what has become clear is mortgage lending will continue to feel the effects of the COVID-19 pandemic well into the new year. While compliance generally tops the list of mortgage lending concerns, the long-tail effects of mortgage-specific provisions of the Coronavirus Aid, Relief and Economic Security Act of 2020 (CARES Act), as well as the overall industry response to the challenges presented by COVID-19, present new compliance challenges for both mortgage origination and servicing.
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