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What are the Forbearance policies?

April 26, 2017forbearance policies

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What are the Forbearance policies?

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Borrowers may request Forbearance, due to economic hardship, for up to 18 months over the life of the loan. Borrowers are eligible to receive three Forbearance periods up to 6 months each. However, only one Forbearance period may be requested in a calendar year.