Due to the COVID-19 pandemic many U.S Borrowers are putting their mortgage payments on hold. In fact delayed payments are already approaching 14% of all loans. "The government’s program, part of the CARES Act, which President Donald Trump signed in late March, allows borrowers to delay up to a year’s worth of payments. Those payments must be made up later through either repayment plans or mortgage modifications. Government-backed loans make up about three-quarters of the current mortgage … [Read more...] about COVID 19 Will Increase Mortgage Modification Applications to New Highs
with Debt Advisor Joseph Romanello
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