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Fannie Mae, Freddie Mac: Borrowers in forbearance can defer all missed payments until the end of their loan
May 13, 2020, 5:52 pm By Ben Lane With nearly 4 million borrowers in forbearance on their mortgage, we still don’t have a complete picture of what happens when forbearance periods end. Borrowers got some clarity on the situation last month, when Fannie Mae and Freddie Mac said that borrowers are not required to repay…
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Skipping mortgage payments? Don’t get ripped off.
By Ron Hurtibise South Florida Sun SentinelMay 04, 2020 11:39 AM Because of widespread uncertainty and lack of clear guidance about mortgage relief options, home loan borrowers will need to be on guard against scams and profiteering if they decide to skip payments because of COVID-19-related financial hardship. Misinformation is rampant, and even mortgage industry…
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Many out-of-work renters face financial ruin if they don’t get help
By Ron HurtibiseSouth Florida Sun SentinelApr 11, 2020 10:00 AM Many renters and landlords are peering over the edge of a financial cliff, praying for a quick end to the coronavirus crisis. At the bottom of the cliff lies lease defaults, ruined credit, evictions and homelessness. There are no bailouts for renters and landlords, except…
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Homeowners: You have options for your mortgage during the pandemic, but you might not get the full story
By Ron HurtibiseSouth Florida Sun SentinelApr 25, 2020 12:58 PM Most out-of-work homeowners frightened by the thought of suspending their mortgage payments can rest easy. Regardless of what their mortgage servicer tells them, the 70% of borrowers with federally backed loans won’t be on the hook to repay those missed payments all at once at…
