Early May Sees Rise in Mortgage Forbearance by 7.9 Percent Across the Country

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In: Mortgage News

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Last updated on December 30th, 2020 at 10:23 amAccording to the Mortgage Bankers Association‘s latest Forbearance and Call Volume Survey, the entire number of U.S. loans now in forbearance increased from 7.54% of servicers’ portfolio volume within the prior week toContinue Reading

Homeowners Get Clarification on Mortgage Forbearance After uncertainty Over Lump Sum Payments

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In: Mortgage News

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Last updated on December 23rd, 2020 at 12:43 pmOn Monday morning, Michelle Contri called her lender to inquire about mortgage forbearance after hearing New Jersey Governor Phil Murphy turn lenders feature any suspended monthly obligations to the top of theContinue Reading

Mortgage Forbearance Shoots up to Half a Million Loans in One Week

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In: Mortgage News

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Last updated on December 23rd, 2020 at 12:22 pmAs the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans. The majority do it through a program designedContinue Reading