search.noResults

search.searching

saml.title
dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
continue to make payments as required under the plan.


In case this sounds too good to be true, maybe it is when you consider nearly 3.6 million 90-day defaults occurred in 2020 (the largest number since 2009), with 2.1 million homeowners seriously delinquent on their mortgage payments. At the current rate, when forbearance plans begin to expire, there would still be approximately 1.5 million more serious delinquencies than at the start of the pandemic. As of mid-January, more than 2.7 million homeowners remain in active forbearance plans with that rate of improvement slowing in recent months. At the end of March, there could still be 2.5 million active.


According to the Black Knight Inc. Mortgage Monitor Report, more than 600,000 active forbearance plans are expiring at the end of March and represent a significant unknown in terms of impacted borrowers and their ability to resume making mortgage payments. Te share of borrowers in forbearance making mortgage payments has fallen to just 12%, suggesting a population


with difficulty getting back to current status. Yet, foreclosure moratoriums are still in place. Terefore, community banks will continue to face the challenge of portfolio monitoring, borrower outreach, loss mitigation and regulatory compliance as 2021 progresses.


Insurance underwriters also are aware of these market conditions, which lead to concerns about lending liability exposures, inquiries about nonperforming and the reality of more force- placed requests to protect the bank’s insurable interest in borrower’s property. Know the safety and soundness of your collateral protection program in advance of need. Keep your insurance partner abreast of these related developments for the best response possible.


Missouri Bankers  Service, a


division of Arthur


 tailored risk management solutions designed for community  contact Ryan Hillestad, insurance   com partner.


This article is provided for informational purposes only and  


NCR GLOBAL CUSTOMER ENGAGEMENT Partner of the Year At DBE, we value the relationships that are built by doing the right thing


for our customers. In recognition of the partnerships we have formed over the years, we are honored to be named the Global Customer Engagement


Partner of the Year from NCR. This award is granted to one of the 550 global partners of NCR with the highest NetPromoter scores when surveyed by NCR. We are truly honored to receive this award and want to say a special thank you to the customers who continue to choose DBE as their technology partner. Also, a special thank you to our valued teammates who do everything in their power to put the customer in the center of all that we do.


800-37 3-3000 | finsales@dbeinc.com


THE MISSOURI BANKER 23


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32