EPISODE · Jul 25, 2025 · 3 MIN
Federal Mortgage Forbearance During COVID-19 - The Credit Pros
from The Credit Pros Podcast · host The Credit Pros
The CARES Act provides mortgage forbearance for federally-backed mortgages due to COVID-19, allowing a six-month pause on payments without foreclosure. Borrowers need to request this forbearance and declare financial hardship, which may require minimal proof. Federally-backed mortgages can be checked through Fannie Mae or Freddie Mac websites. Unemployment relief may help cover mortgage costs. Private servicers may offer similar relief but without government support. Refinancing options are also available for consideration.
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Federal Mortgage Forbearance During COVID-19 - The Credit Pros
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