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MCLEAN, Va., Nov. 17, 2020 (GLOBE NEWSWIRE) — According to Freddie Mac ’s ( FMCC) latest Insight , without forbearance, many households may have defaulted or been forced to sell their homes during the COVID-19 pandemic. These forced sales could have depressed the housing market, leading to further defaults.
Mortgage forbearance temporarily removes the obligation for borrowers to make their monthly mortgage payment. Forbearance plans are typically used by borrowers who experienced a sudden loss …

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