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Fewer Borrowers are Asking for Mortgage Relief, But That Could Change With Bailout Improvements
CNBC, May 15, 2020–Diana Olick
“The payment deferral option gives mortgage servicers a practical tool to help homeowners through this unprecedented time,” said Bob Broeksmit, CEO of the Mortgage Bankers Association. “A primary benefit of this option is that a homeowner’s mortgage payment will not change once the forbearance period ends.”
https://www.cnbc.com/2020/05/15/coronavirus-mortgage-relief-improvements-could-lure-more-borrowers-to-the-program.html