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A Message from 2021 MMA President

A message from 2021 MMA President Sarah Johanns – January 1, 2021

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Consumer Mortgage Forbearance Under “CARES Act”

The Consumer Financial Protection Bureau has released a video on how struggling homeowners can obtain mortgage forbearance if their finances are impacted due to the COVID-19 pandemic. They have also  issued additional information for consumers on mortgage and student loan payment relief and how to avoid scams.

VIDEO: CARES Act Mortgage Forbearance: What You Need to Know
Guide to coronavirus mortgage relief options
What you need to know about student loans and the coronavirus pandemic
Beware of scams related to the coronavirus
Online and mobile banking tips for beginners

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Forbearance has been front and center in our industry as it relates to COVID and our economy. This is one of the best articles on forbearance we’ve seen. Freddie Mac does a great job in answering questions that we as lenders have along with those from our borrowers.

Freddie Mac Forbearance FAQ