Homeowners Who Can’t Pay their Mortgages are Getting Help
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.