Discussion in 'Loans & Mortgage Brokers' started by Rolf Latham, 7th Apr, 2020.
Repayment holidays won’t be treated as credit events: ABA - Mortgage Business
But in month 7 when a borrower tries to refinance how will the incoming bank view the deferral and reviewing the statements and repayment history for the past 6 months?
I think it possibly will be ok as long as the borrower had permission at the time and assuming that they are no longer affected in their income earning ability.
But I have seen nothing in writing to confirm this.
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