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2.74 Million Homeowners Are Still in Forbearance: What You Need to Know About Exiting It

2.74 Million Homeowners Are Still in Forbearance: What You Need to Know About Exiting It

The good news is there's been relief available to homeowners in the form of mortgage forbearance. Forbearance allows borrowers to pause their monthly payments to their mortgage lenders without being reported as delinquent or charged fees for being late. During the pandemic, homeowners were entitled to request up to 360 days of forbearance.