Are Forbearances Creating a Housing Bubble? - HECMWorld.com Skip to content
Advertisement

Are Forbearances Creating a Housing Bubble?

Advertisement



Will forbearances create another housing bubble?

Mortgage forbearances are being extended. How will home values and borrowers be impacted once they end?

It’s compassionate and pragmatic. Mortgage forbearance allows borrowers to suspend or reduce their monthly payments, however, delinquent payments must be repaid. The good news is homeowners with a federally or GSE-backed mortgage (FHA, VA, USDA, Fannie & Freddie) are protected from a lender initiating foreclosure until December 31st of this year thanks to the CARES Act. FHA-insured Home Equity Conversion Mortgage borrowers are protected under this provision.

Read More

Share:

Leave a Comment

No comment yet, add your voice below!


Add a Comment

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement

Recent Stories

Topics

Subscribe to join our World

Get the latest reverse mortgage news delivered straight to your inbox.