Read the original article by Kevin Palmer on Housing Wire.
Despite the steady decline in forbearance volumes since the peak in April 2020, 2.7 million homeowners remain on forbearance plans – and more than 78% of them are now in an extension, according to the MBA Forbearance and Call Volume Survey.
Homeowners need information about what happens when forbearance plans end, and how they can achieve sustainable homeownership after a COVID-19-related delinquency. Ultimately, servicers are on the front lines to provide this information.
Fortunately, helpful resources and tools are available to servicers and other housing professionals that can bring clarity and resolution to support homeowners impacted by COVID-19.
#HelpStartsHere with your top tools for sustainable homeownership.
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