Coronavirus mortgage bailouts suddenly swell as homeowners struggle

Coronavirus mortgage bailouts suddenly swell as homeowners struggle

A woman walks past the U.S. Capitol building in Washington, June 25, 2020. Al Drego | Reuters After declining for three weeks, the number of borrowers delaying their monthly mortgage payments due to the coronavirus rose sharply once again. The number of active forbearance plans rose by 79,000 in the past week, erasing roughly half […]

Some homeowners getting mortgage bailouts by mistake

Some homeowners getting mortgage bailouts by mistake

More than 4 million homeowners are now delaying their monthly mortgage payments as part of both government and private lender relief programs – but some have been put into forbearance by mistake and are having a hard time getting out.While the programs cannot, by law,...
4 million homeowners in CARES Act mortgage forbearance program

More homeowners delay mortgage payments in bailout

In this photo illustration, a loan statement account status is displayed next a iPhone screen behind reading “coronavirus” on April 16, 2020, in Arlington, Virginia.Olivier Douliery | Getty ImagesAs job losses from the Covid-19 pandemic mount, more and...