11/12/2020

Coronavirus Tracker: Help for Struggling Homeowners

Nov. 12, 2020

Current updates on association response to the global COVID-19 crisis, along with a roundup of conference, travel and business news and information.

Tools for Those Struggling to Pay Their Mortgage
Earlier this week, a coalition of financial services associations, mortgage providers, government agencies and think tanks launched the “Not OK? That’s OK” campaign.

The message? That customers who may have missed one or two mortgage payments as a result of the COVID-19 pandemic can take advantage of tools available to help them, including forbearance assistance under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

“The goal of this campaign is simple: Make sure borrowers facing COVID-19-related financial hardships know that help is available, but that they have to call—call their servicer, call a HUD-approved housing counselor, but please call,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association, one of the lead sponsors of the campaign.

Please select this link to read the complete article from Associations Now.