With the outbreak of COVID-19, the US mortgage industry has come under lot of pressure. With high unemployment levels, many borrowers are struggling to meet their mortgage obligations, a development with close resemblance to 2008-09 financial crisis. However, unlike 2008-09, this time, the Federal Government has acted swiftly to help borrowers deal with the impact of COVID-19. According to a Deloitte study, nearly 70% of homeowners will benefit from the relief options for federally backed…
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