Trump Considering Plan to Let Homeowners Delay Mortgage Payments

Bloomberg, Mar. 17, 2020–Prashant Gopal
The Trump administration is considering a plan to allow homeowners whose income was cut by the coronavirus to delay mortgage payments, according to the Mortgage Bankers Association. “This is so big,” Michael Fratantoni, chief economist of the Mortgage Bankers Association said. “We’re thinking of the potential of several months of payments for a lot of homeowners.”