If you are a homeowner facing financial challenges that may impact your ability to meet mortgage obligations, it can be helpful to understand the process of mortgage forbearance. This information is assembled to help you understand what mortgage forbearance is and what steps you might be able to take, based on your specific financial picture. [...]
Ever get stuck when dealing with automatic phone systems so commonly used by many financial institutions? Most of us want to speak to a live agent, but navigating through the menu of options can be time-consuming. Even more challenging is when you finally speak to a live agent, you don’t have the necessary information at your fingertips. That’s a common scenario for [...]
An estimated 2.2 million homeowners holding 4.47% of the nation's mortgage loans are currently in forbearance, according to data from the Mortgage Bankers Association. While most lenders and loan servicers have been willing to work with homeowners during the pandemic, the latest announcements show that relief protections are set to end at the end of July 2021. With [...]
People relying on COVID related forbearance relief are watching what programs will be extended as we navigate the ongoing pandemic.
Sometimes financial challenges may lead to falling behind on your monthly mortgage or rent. While it can be confusing to understand your options, remember you are not alone.
A place to call home is essential in life. But sometimes financial challenges may lead to falling behind on monthly mortgage or rent. You are not alone. Waiting to Talk to You are Experienced, HUD-Certified 995Hope Counselors: Greg Nelson, an experienced professional with seven years of experience. Who works out of 995Hope’s Las Vegas, Nevada location. Paul Flynn, […]
A MarketWatch article shares insights from 995Hope’s parent organization, the national nonprofit GreenPath Financial Wellness. A recent article looks at the options for those struggling with mortgage who don’t think they qualify for pandemic-related payment relief. The advice? Don’t despair. As a start, take steps to get back on track. First, pin down who owns your mortgage. [...]
Forbearance Options and Resources for Helping Borrowers with Federally Backed Mortgages: Webinar and Discussion with CFPB, FHFA, HUD, USDA, and VA Date: Monday, March 22, 2021 Time: 2:00 – 4:00 p.m. EDT Staff from the CFPB Office of Mortgage Markets will review the various forbearance materials available to help consumers navigate the forbearance process as […]
National nonprofit assists thousands of homeowners unable to make mortgage payments and uncertain about forbearance protections. Read Full Announcement > FARMINGTON HILLS, Mich. (February 18, 2021) – GreenPath Financial Wellness, a national nonprofit that provides financial counseling and debt management services and its affiliate, Homeownership Preservation Foundation (HPF) that provides housing counseling services, helped 19,500 borrowers experiencing COVID-19 and […]