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Mortgages

I am at least two payments behind on my mortgage payments. I tried to pay one month’s worth of what I owe, but my servicer said I have to pay the whole amount. Can the servicer do this?

If you are in default, and the servicer has notified you that the entire balance is due (in other words, the loan has been “accelerated”), your lender generally can require you to pay the full past due amount to make ...

Mortgages

What is forbearance?

Forbearance is a temporary reduction in or suspension of your mortgage payments. Your servicer may grant you forbearance if you recently lost your job or suffered from a disaster or from an illness or injury that increased your health care ...

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