As the coronavirus began sweeping through the country in March 2020, many states issued shut-down orders for businesses, putting as many as 40 million people out of work by May. On March 27, 2020, ...

“How am I supposed to do that? If I have no income, which is why I’m trying to defer payment, how am I supposed to come up with it all at once at the end? That’s out of the frying pan into the fire.” ...

Mortgage forbearance is still a reality for many borrowers and servicers, more than 10 months after the Coronavirus Aid, Relief and Economic Security Act (CARES Act) took effect on March 27, 2020.

Although the country is starting to reopen from a three-month-long coronavirus shutdown, some U.S. households are struggling with their mortgages. IS MORTGAGE FORBEARANCE AN OPTION? HERE'S WHAT TO ...

Mortgage forbearance could reduce or postpone your mortgage payments for up to a year. You may be able to repay the debt from your forbearance with a one-time lump sum payment or an extended loan term ...

Mortgage forbearance is a short-term agreement between a borrower and a mortgage servicer to pause or reduce mortgage payments. Typically, forbearance lasts no longer than 12 months. You can use it to ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...