If you work with homeowners who are finding it difficult to make their mortgage payments, there is still help available under the CARES Act.

It’s not too late to take advantage of these protections, but it’s important that they contact their mortgage servicer sooner rather than later. For some mortgages, the deadline to request forbearance is December 31, 2020.

 

Watch and share this video to get the facts about mortgage forbearance.

Click link above or paste in browser- https://www.youtube.com/watch?v=ahSICkautsk&feature=youtu.be

For more information visit cfpb.gov/housing.

Do you have clients already in forbearance? Here’s what to do now and how to repay.

Looking for resources in Spanish? Check out this video: Aplazamientos de hipotecas en la Ley CARES: Lo que usted necesita saber.

About the Bureau

The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by regularly identifying and addressing outdated, unnecessary, or unduly burdensome regulations; by making rules more effective; by consistently enforcing federal consumer financial law; and by empowering consumers to take more control over their economic lives.

Learn more at consumerfinance.gov.

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RESOURCE: Consumer Financial Protection Bureau – Mortgage Forbearance deadline Dec 31