Gordon Albrecht of FCI Lender Services, the nation’s largest hard-money subservicer: "We [have been] getting a ton of requests for forbearance, but we’re a subservicer, so we have no authority to do any type of forbearance without the lender’s direction and permission.”

New residential applications fell once again. Time to worry? Hardly...

If the language goes into effect as is, the role of government entities that provide assistance could be limited...