Homeowners who are denied a mortgage deferral can stay put


In March 2020, the federal government required state-insured mortgages (GSEs) to offer deferred mortgage payments to borrowers affected by COVID-19. The programs were supposed to last six months with the right to renew for another six months. The program allowed borrowers who had deposited taxes and insurance to defer those amounts as well. Borrowers who did not complete the escrow were expected to make these payments. It was unclear what the plan for the payment of the sums for …

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