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re: 7.7% of Mortgages Now in Forbearance
Posted on 5/9/20 at 12:38 pm to stout
Posted on 5/9/20 at 12:38 pm to stout
My husband works for a loan servicer. He is working out our home currently. Nearly every call is related to forbearance. I asked him how often he dealt with these calls in the past. He said maybe 2 a month pre COVID, now it's about ten a day. We are in trouble as a nation.
2
Posted on 5/9/20 at 12:40 pm to latxwoman
quote:And we did it to ourselves.
We are in trouble as a nation.
Our citizens, in a blind panic, marched right to this cliff and threw themselves over, while telling the government “thank you”.
Posted on 5/9/20 at 1:31 pm to latxwoman
quote:
My husband works for a loan servicer. He is working out our home currently. Nearly every call is related to forbearance. I asked him how often he dealt with these calls in the past. He said maybe 2 a month pre COVID, now it's about ten a day. We are in trouble as a nation
There’s probably a lot of people being proactive. If you can pause your mortgage payments without penalty, why wouldn’t you? Also, if it looks like you can’t pay your bills, who knows what kind of bailout might be available in the near future.
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