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Nearly 6% of Mortgages in Forbearance as FHFA Provides Relief to Loan Servicers

With each week that goes by, the mortgage forbearance rate climbs to new highs thanks to the coronavirus (COVID-19). The more or less complete shutdown of the world economy has led to skyrocketing unemployment and the inability for many to make ends meet, including the monthly rent or mortgage payment. While it’s unclear how bad [&hellip
Source: Mortgage