Forbearance programs nearing expiration

It is estimated that as many as 575,000 homeowners will have their forbearance plans expire in late September or early October. Mortgage providers have been adding staff and plan to be creative in assisting borrowers who are still struggling to pay their bills.

As many as 7.25 American homeowners took part in forbearance programs at some point during the pandemic. Approximately 72 percent of those have already exited the programs.

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