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James River Group Holdings Ltd (JRVR) Q2 2021 Earnings Call Transcript
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by Tyler Durden
Thursday, Jul 29, 2021 - 07:40 PM
government mandated Covid lockdowns, the Biden administration is now going to be implementing a policy to reduce monthly payments by up to 25% for borrowers with federally backed mortgages who are at the end of forbearance.
The program is going to allow those with mortgages from the Federal Housing Administration to extend the length of their mortgages and lock in lower monthly principal and interest payments, according to the Wall Street Journal. The changes are targeted toward those who took advantage of government forbearance programs that allowed them to skip payments for up to 18 months and still can t make payments on time - which we re guessing is going to amount to precisely