Mortgage forbearance can be a huge source of relief for borrowers affected by COVID-19. However, there's confusion about how and when borrowers are expected to repay the delayed payments and what happens after the forbearance term. This episode discusses a new payment deferral relief option for borrowers. Our guests, Mike Zarro, mortgage servicing executive for Truist, Don Griffin, Freddie Mac vice president, Servicer Relationship and Performance Management, provide insight on how this helps servicers, borrowers and the evolving industry.
Freddie Mac Single-Family Home Starts Here