Stay Up-To-Date on the Latest Information Regarding Forbearance
Navigating through the information regarding forbearance and what it means for you can be tricky, so we’ve compiled some important tips and information to help you navigate the process.
The CARES Act stimulus package requires servicers to provide forbearance - a temporary postponement of payments - to any homeowner with a federally backed mortgage if requested. If your mortgage is not federally backed, you may also be able to receive forbearance, but you would need to reach out to your mortgage servicer for specific information.
According to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey, which revealed that the total number of loans in…