As part of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act) recently signed into law by the President, forbearance has made the news in a big way. The CARES Act provides for some additional forbearance protections for homeowners that do not normally exist outside of the COVID-19 pandemic.
Under the CARES act, the servicer of any Federally backed mortgage is
Everyone knows the age old saying: "if it sounds too good to be true..." Well, consider this your official warning.
In an article originally posted by the Consumer Financial Protection Bureau and the U.S. Department of Veterans Affairs, both entities have released a joint warning order to service members and veterans with VA home loans.