Servicers helped 5M COVID-impacted borrowers stay in homes
Servicer efforts to assist borrowers following the expiration of CARES Act relief measures helped 5 million households avoid property loss, according to a report from the Federal Reserve Bank of Philadelphia. Of the 8.5 million borrowers who entered forbearance plans during the COVID-19 pandemic, more than 95% have exited, the Fed concluded in its final … [Read more…]