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Mortgage borrowers struggle to exit COVID-19 forbearance — Here s how to get back on track

Mortgage borrowers struggle to exit COVID-19 forbearance — Here s how to get back on track By Erika Giovanetti article Many mortgage borrowers are still in COVID-19 forbearance. Here s how to get back on your feet. (iStock) Mortgage forbearance proved to be an essential lifeline for many homeowners during the COVID-19 pandemic. Under the CARES Act, many mortgagors were eligible for up to 18 months of forbearance. But as life starts to return to pre-pandemic normal, borrowers are struggling to catch up on their mortgage payments. More than a third (35%) of mortgage borrowers who entered forbearance during the pandemic are still in forbearance, according to a

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