The CARES Act includes protections for homeowners with federally backed mortgages who have been financially affected by the pandemic. Those protections include a moratorium on foreclosures until August 31, 2020 and the right to 180 days of forbearance due to coronavirus hardship.
As more than 1 million Americans continue to claim unemployment benefits weekly, they are beginning to turn to forbearance as August 31 approaches.
Read the full article to find out what you need to know about mortgage forbearance.