The Mortgage Forbearance Rate Has Fallen Again, and That's Good News

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Many Americans have struggled financially during the coronavirus pandemic, and thankfully, there's been a lifeline for homeowners in the form of mortgage forbearance. With forbearance, you hit pause on your mortgage payments without your lender declaring you delinquent. The delinquency piece is important, because being late with mortgage payments could seriously damage your credit score, not to mention eventually put your home at risk of foreclosure.

Source Fool.com