Payment Deferral: A Simple Answer to Post-Forbearance
Forbearance plans have played a critical role in providing mortgage relief for homeowners as they dealt with COVID-19 related hardships. But what do they do after the forbearance ends? A new home retention solution, COVID-19 Payment Deferral, was introduced early in the pandemic to address the needs of homeowners who have resolved their hardship but can afford to resume their pre-pandemic payments.
In a recent DS News article, Kevin Palmer, Freddie Mac senior vice president in Portfolio Management, covers in detail the simplicity of the Payment Deferral solutions – for the homeowner, the Servicer and the investor. Learn about the success of this flagship program post-forbearance and how it has helped sustained homeownership during the pandemic.