In the 90s, financial crisis, & pandemic, our tools improved to avoid unnecessary foreclosures with high costs for lender, borrower, and society. Now my colleagues argue for using what we have learned going forward in more circumstances … #doingwhatworks
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When borrowers encounter life events that disrupt their ability to make their mortgage payments over several months, foreclosure is often the result. Temporary forbearance can give many borrowers a chance to get back on track.
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