Forbearance is defined as the period in which one’s mortgage servicer or lender, permits them to pause or decrease their payments temporarily. As of March 7th, 2021, the Mortgage Bankers Association estimates that “2.6 million homeowners are in forbearance plans.” Under Biden’s administration, he has extended the enrollment window until June 30th, 2021 for those that desire to develop a forbearance plan. Read More