HomePress RoomBlack Knight in the NewsHomeowners getting mortgage relief even from lenders not required to offer it

Homeowners getting mortgage relief even from lenders not required to offer it

Homeowners getting mortgage relief even from lenders not required to offer it

More than a million borrowers with jumbo mortgages and other so-called private loans were in forbearance as of early July. According to Black Knight, 8.2 percent of non-federally backed loans were in relief plans. That was higher than the 6 percent forbearance rate for loans held by mortgage giants Fannie and Freddie.

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