Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Fewer Borrowers are Asking for Mortgage Relief, Bu

:Fewer Borrowers are Asking for Mortgage Relief, But That Could Change With Bailout Improvements

The payment deferral option gives mortgage servicers a practical tool to help homeowners through this unprecedented time,” said Bob Broeksmit, CEO of the Mortgage Bankers Association. “A primary benefit of this option is that a homeowner’s mortgage payment will not change once the forbearance period ends.”
https://www.cnbc.com/2020/05/15/coronavirus-mortgage-relief-improvements-could-lure-more-borrowers-to-the-program.html

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