Faculty members will offer their expertise to help people understand temporary mortgage relief options under CARES Act through a free webinar on April 10.
WHAT: Experts from Rawls College discuss mortgage relief options under the CARES Act
WHEN: Friday, April 10, 2020 at 2:00 – 3:00 p.m.
WHERE: Zoom webinar
EVENT: Rawls Responds: Mortgage Relief Under the CARES Act
In an effort to help home and small business owners understand their mortgage relief options under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, faculty experts from the Jerry S. Rawls College of Business will host a free webinar on April 10, 2020.
As the largest stimulus package in U.S. history, part of the CARES Act provides significant relief to holders of mortgages backed by federal loans in the form of six months to a year of forbearance and immunity from eviction or fees relating to late rent payments.
During the webinar, Assistant Professor of Practice Jared Harrell will share insight from the Center for Real Estate and his experience as a real estate attorney. Associate Professor of Practice, Mike Mauldin, who also serves as director of the Excellence in Banking Program, will bring expertise from his more than 40 years in the banking industry to the discussion.
"The CARES Act provides immediate payment relief options for borrowers under federally-backed single family and multifamily mortgages," said Harrell. "This webinar is intended for homeowners, small business owners and students to better understand what mortgages are eligible for payment relief and how to actually request that relief from financial institutions."
Additionally, Lonnie Hendry of Trepp, LLC will talk about the potential impact of the CARES Act on the mortgage industry.
"The CARES Act is not being implemented in a vacuum," said Hendry. "It will offer immediate short-term solutions for current borrowers in the form of (potential) forbearance agreements and eviction moratoriums, but new borrowers will see increased upfront reserve requirements, in addition to standard reserve costs."
The webinar is free and open to the public but will be limited to 100 participants.
Please click the link below to join the webinar:
US: +13462487799,,720968250# or +16699006833,,720968250#
US: +1 346 248 7799 or +1 669 900 6833 or +1 312 626 6799 or +1 929 205 6099 or +1 253 215 8782 or +1 301 715 8592
Webinar ID: 720 968 250
CONTACT: Jared Harrell, firstname.lastname@example.org, (806)834-1827.