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re: 7.7% of Mortgages Now in Forbearance
Posted on 5/9/20 at 11:16 am to stout
Posted on 5/9/20 at 11:16 am to stout
quote:Unless your mortgage is held locally by the lending institution that you directly borrowed from, which nowadays is rare but comes in handy in distress situations like what we’re seeing.
So even in forbearance, the bank is still paying on the money they borrowed to loan on that mortgage.
1
Posted on 5/9/20 at 11:17 am to soccerfüt
quote:
which nowadays is rare
Extremely rare when money is so cheap for them to borrow.
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