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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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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…
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Streamlined loan mods available, jaded borrowers doubt success
Source: Palm Beach Post A new federal program offering automatic lower monthly mortgage payments with no application or financial paperwork required was rolled out last month, but some Florida homeowners are skeptical it will be a success. Read more…
