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Mortgage Forbearance Rate Hits 7%, Fannie/Freddie May Offer Partial Claim to Repay

Here we go again – the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association’s (MBA) revealed that the total number of loans in forbearance increased from 5.95% to 6.99% as of April 19th, 2020. That means roughly 3.5 million homeowners have now asked for their mortgage payments to be put on hold [&hellip
Source: Mortgage