forbearance

May 5, 2020

Forbearance

Forbearance is a special agreement between a mortgage lender and the borrower to delay foreclosure.  One of the byproducts of the Federal response to the pandemic […]
May 19, 2020

Forbearance Coming Into Focus

Part of the CARES act provides for a 90 day forbearance on mortgage payments during the pandemic to help those that may have lost their jobs […]
May 26, 2020

People are Anxious

I think I speak for just about everyone in the world when I say I’m feeling anxious.  I’m anxious to get back to work so we […]
June 23, 2020

What Happens Come January?

I don't need to paint a picture of how dangerous this can be and will affect, greatly for sure, the mortgage market in the coming months. The question remains, what happens when forbearance ends and no qualified buyers will be flooding the market for refinances, sales, or foreclosures? There are approximately 4.2 million loans in forbearance through the end of June.