Exiting mortgage forbearance? Avoid foreclosure with these 5 tips
By Kelsey Ramirez
The time to enroll in a mortgage forbearance program is ending. President Joe Biden
extended the foreclosure moratorium and mortgage payment forbearance enrollment window in February until June 30, 2021 for federally backed mortgages, including loans backed by Fannie Mae and Freddie Mac. But for many who enrolled in the initial forbearance program at the beginning of the coronavirus pandemic, their final extensions for the 18-month period are drawing to a close.
For many, forbearance exit assistance options have been smooth, and foreclosure starts and inventory hit record lows in April, according to data from
Exiting mortgage forbearance? Avoid foreclosure with these 5 tips fox7austin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox7austin.com Daily Mail and Mail on Sunday newspapers.
Author Bio
Began my career as a trader for NYC hedge fund Elliott Management. Worked for Bear, Stearns in London as a trader, then became an analyst at several hedge funds. Currently CFO for a mortgage bank. Also author a daily blog on real estate called The Daily Tearsheet www.thedailytearsheet.com Follow @TMFBrentNyitray
After experiencing one of the best years in over a decade, mortgage bankers are being treated as suspect by the market. Investors are fretting about rising mortgage rates choking off the refinance market, and increased competition among bankers suppressing margins. In this environment, a mortgage banker with several additional business lines like