Mortgage

April 10, 2020
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Mortgage Forbearance and Foreclosure Protections

During this designated disaster period which began on March 13, a borrower with a federally backed loan can request forbearance through the loan servicer.    A federally-backed loan means that it’s either guaranteed or insured by the Federal Housing Administration, Department of Veterans, Department of Agriculture or purchased or securitized by Fannie Mae or Freddie Mac. Once the request is submitted, forbearance is granted for a period of up to 180 […]