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You might alert this to anyone you're aware of that has or is considering filing for mortgage relief. Written by Michelle Singletary at the Washington Post.
"Homeowners who fell behind on mortgage payments were told they had to come up with enormous lump sums at the end of their forbearance. It wasn’t true."
For 30% of mortgage holders it may be true. The WP article says that forbearance under the CARES act is only available to those with federally backed mortgages. That's70% of the market. The other 30% of homeowners may still have some protection under state laws.
This has a table showing how many mortgages were issued by whom, and what forbearance rules apply by issuer. It has other tables (including renters), and shows how much it might cost to assist people.
Comments
"Ultimately, however, [non-government backed mortgage] loan investors determine the options available to customers after the forbearance period — and in which order those options are presented to customers."
https://www.nytimes.com/2020/05/15/business/coronavirus-mortgage-relief.html
Here are a couple of the many links embedded in the NYTimes article:
The Urban Institute, The Price Tag for Keeping 29 Million Families in Their Homes: $162 Billion
https://www.urban.org/urban-wire/price-tag-keeping-29-million-families-their-homes-162-billion
This has a table showing how many mortgages were issued by whom, and what forbearance rules apply by issuer. It has other tables (including renters), and shows how much it might cost to assist people.
National Consumer Law Center, Summary of Foreclosure Alternatives for Borrowers with COVID-19 Hardships
https://library.nclc.org/sites/default/files/COVID19_Mortgage_Chart_0.pdf
Gives detailed provisions by loan type, as well as details on options after the forbearance period.