Menu

How to Deal with a Mortgage Forbearance Due to the Corona Virus

A federal law passed on March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, puts in place protections for homeowners with mortgages that are federally or Government Sponsored Enterprise (GSE) backed or funded (FHA, VA, USDA, Fannie Mae, Freddie Mac).

The corona virus, Covid-19 caused massive financial and economic instability.  The CARES Act provides two main protections to mortgage borrowers.