New COVID Residential Mortgage Borrower and Tenant Protections in California: Significant Temporary Mandates—Can They Become Permanent Requirements?

The COVID crisis and lockdowns have produced tremendous hardships for those facing loss of income through unemployment, and for businesses facing reduced revenues. The impact has been particularly noticeable in the area of single-family and multifamily residential properties. Homeowners have been unable to make mortgage payments, tenants have been unable to pay rent when due, and property owners and landlords have seen significant reductions in rental revenues.

To read the full article as published by American College of Mortgage Attorneys – The Abstract Spring 2021 (page 22), click here.