Mortgage forbearance requests peaked following the implementation of the CARES Act, as homeowners look for ways to access financial assistance in the wake of the COVID-19 outbreak. The Mortgage Bankers Association announced that forbearance requests rose by approximately 1,270% between March 2 and March 16, followed by another 1,896% climb between March 16 and March […]

[COVID-19] Requests for Mortgage Forbearances Explode in March – Impact on Commercial Lenders Read More »