What is Forbearance?

Forbearance is a relief option for borrowers experiencing a short-term or long-term hardship. There are different types of forbearance plans available depending on the borrower’s hardship. 

All forbearance plans consist of a written agreement that allows the borrower to skip or reduce their monthly mortgage payment for a specified period of time.  

 Standard ForbearanceDisaster Forbearance
Occupancy TypePrimary residenceAll occupancy types
Length of Forbearance PeriodUp to 12 months delinquencyUp to 12 months
Delinquency RequirementsTotal delinquency may not exceed 12 monthsTotal delinquency may not exceed 12 months
Borrower Contact RequirementsQRPC requiredServicer has the option to grant 90-day non-QRPC forbearance if loan in eligible disaster area AND becomes delinquent after disaster.