The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay their mortgage payments for up to 180 days, with another 180-day extension available after the first forbearance …
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Source: DS News