Almost 3 Million Homeowners May Not Qualify for COVID Relief

The Coronavirus Aid, Relief, and Economic Security (CARES) Act offered 12 months mortgage forbearance for COVID-19-impacted borrowers with federally backed residential mortgages—that’s about 70% of all 48 million American homeowners with a mortgage. But what about the other 30%.   Karan Kaul, Senior Research Associate in the Housing Finance Policy Center at the Urban Institute, explained why it is …

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