At MOG we are living in unprecedented times. Thank you for taking Covid-19 seriously. The sacrifices you're making during this time canceling gatherings and social disctancing are working keep it up...

Homeowners in Forbearance Plans Have Lower Credit Scores, Higher DTI Ratios

The latest weekly Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that 7.80% of outstanding home loans were in forbearance. That number was up slightly from 7.74% a week earlier, putting roughly 3.9 million homeowners in forbearance plans. Much of these are COVID-19-related, thanks in part to a very liberal CARES [&hellip
Source: Mortgage