As the coronavirus began sweeping through the country in March 2020, many states issued shut-down orders for businesses, putting as many as 40 million people out of work by May. On March 27, 2020, ...

Merriam-Webster defines forbearance as “a refraining from the enforcement of something that is due.” In finance, forbearance refers to an arrangement in which a lender allows a borrower to pause ...

Mortgage forbearance is still a reality for many borrowers and servicers, more than 10 months after the Coronavirus Aid, Relief and Economic Security Act (CARES Act) took effect on March 27, 2020.

“How am I supposed to do that? If I have no income, which is why I’m trying to defer payment, how am I supposed to come up with it all at once at the end? That’s out of the frying pan into the fire.” ...

Good morning. I’m L.A. Times Business reporter Andrew Khouri, filling in for Rachel Schnalzer to bring you our weekly newsletter. Mortgage rates have plunged during the COVID-19 pandemic to historical ...

Credit card forbearance is typically offered by your credit card issuer and can help you manage your credit card payments if you’re facing financial hardship. If your credit card issuer doesn’t offer ...

Mortgage forbearance is a short-term agreement between a borrower and a mortgage servicer to pause or reduce mortgage payments. Typically, forbearance lasts no longer than 12 months. You can use it to ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...