The share of late FHA loans rose to almost 16 percent in the second quarter, up from 9.7 percent in the first.
COVID-19 has further complicated an already complex adjustment to how banks have to account for potential losses on their balance sheets.
Using RWI can help otherwise hesitant buyers get more comfortable in closing a deal, while minimizing indemnification obligations for the seller.
In the final article in her four-part series on loan workouts, Holland & Knight's Susan J. Booth outlines how to master the documentation involved in the process.