Mortgage

Is mortgage forbearance an option? Here's what to know

As part of its massive economic rescue package for the economy, Congress made it easier for homeowners to enter a forbearance plan and regain their financial footing as the economic impact of the coronavirus wears on homeowners.

Number of mortgage loans in forbearance jumps, survey shows

The number of people with mortgages seeking to have their payments paused or reduced jumped between March 30 and April 5 as the economic effects of the novel coronavirus outbreak stretches household balance sheets, a survey from the Mortgage Bankers Association showed on Monday.