forbearance

Homeowners in a financial crunch because of pandemic-related income loss may be able to defer payments on their mortgages. Consumer investigator Chris Chmura reports.

Homeowners in a financial crunch because of pandemic-related income loss may be able to defer payments on their mortgages.

Thousands of San Francisco Bay Area homeowners face a loss of income amid the COVID-19 pandemic. Acting now can help avoid foreclosure. Consumer investigative reporter Chris Chmura reports.

As the coronavirus crisis leads to layoffs and furloughs, many Bay Area families could find themselves unable to pay their mortages. The good news: if you’re afraid you can’t meet your next payment, it’s possible you have options. Greg McBride, a chief financial analyst with Bankrate, says mortgage lenders are taking quick steps to help borrowers. “Now more than...