Homeowners Who Can’t Pay their Mortgages are Getting Help

March 26, 2020

Dallas Morning News, Mar. 25, 2020–Steve Brown
Major lenders are offering a moratorium on payments for borrowers who have lost their jobs or been furloughed from work. “If they have been laid off or had a drop in work hours, are ill or affected, there will be a program available to them to forbear mortgage payments,” said Robert Broeksmit, president and CEO of the Mortgage Bankers Association. “Generally it would be up to six months.
https://www.dallasnews.com/business/real-estate/2020/03/25/homeowners-who-cant-pay-their-mortgages-are-getting-help/