Categories for Home Resources

Mortgage Forbearance Ending for Millions of Loans

What is a Mortgage Forbearance? Mortgage forbearance is when a mortgage servicer or lender allows a borrower to pause or reduce mortgage payments for a limited time while the homeowner regains financial footing. CoreLogic shows that nearly three-in-four loans (1.2 million loans) in forbearance reached the 18-month maximum limit as ...

Continue Reading