Thursday , 21 January 2021

Outreach Could Help About 400,000 ‘Needlessly Delinquent’ Borrowers

Although the CARES Act has made it possible for homeowners to defer mortgage payments for up to a year, some 400,000 borrowers are not taking advantage of these forbearance programs and have thus become delinquent, estimates the Urban Institute. “To take advantage of forbearance, borrowers need only attest to the fact that they have a …

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