COVID-19 & Mortgage Forbearance – There are a lot of rumors circulating that are meant to “warn” or “cause fear” to those of you who have lost your income during the COVID-19 pandemic, and more fear is the last thing any of us need right now! The only correct answer as to how a mortgage forbearance will affect you is found by contacting your mortgage servicer. Each servicer is under federal and state regulation as to how to best help you handle your situation! As more written guidance becomes available, you can count on me to share the “real” story with you.
Related Article Title: FAQs for COVID-19 Impact – Fannie Mae Lender Letter 2020-3, 2020-4- Freddie Mac Bulletin 2020-14 and FAQs. Written by: Lloyd Rutherford, Staff Writer Staying up to date with all of the temporary guidance for COVID-19 is a challenge, to say the least. Our experts are scouring through all of these updates and […]