Non-Agency Loans are in Need of Forbearance Assistance Too

Mortgage News Daily, Aug. 31, 2020–Jann Swanson
Asurvey by the National Housing Resource Center found that 530,000 homeowners have become delinquent since the pandemic began despite being eligible for forbearance. About 57 percent of these homeowners said they did not know about the forbearance option and 70 percent said they were afraid of making a lump-sum payment when the plan ends even though that is not a plan requirement. (MBA mention)