As the coronavirus began sweeping through the country in March 2020, many states issued shut-down orders for businesses, putting as many as 40 million people out of work by May. On March 27, 2020, ...

Merriam-Webster defines forbearance as “a refraining from the enforcement of something that is due.” In finance, forbearance refers to an arrangement in which a lender allows a borrower to pause ...

Mortgage forbearance is still a reality for many borrowers and servicers, more than 10 months after the Coronavirus Aid, Relief and Economic Security Act (CARES Act) took effect on March 27, 2020.

“How am I supposed to do that? If I have no income, which is why I’m trying to defer payment, how am I supposed to come up with it all at once at the end? That’s out of the frying pan into the fire.” ...

Mortgage forbearance allows you to pause your mortgage payments, usually for up to six months, during a period of financial hardship. If you’re unable to resume payments when forbearance ends, you may ...

The coronavirus continues to rock the economy, albeit unevenly. Fewer homeowners overall are seeking mortgage forbearance, which allows borrowers to temporarily pause their monthly mortgage payments ...

In addition to its vast human toll, the pandemic has ravaged the financial resources of millions of US homeowners. Since the Coronavirus Aid, Relief, and Economic Security Act passed last year, more ...

Mortgage forbearance is a short-term agreement between a borrower and a mortgage servicer to pause or reduce mortgage payments. Typically, forbearance lasts no longer than 12 months. You can use it to ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...