During this time, most private banks are suspending

Mortgage forbearance is not the same as forgiveness: it is just a suspension of your loan payments for a specific period of time. During this time, most private banks are suspending fees on late payments and other penalties, as well as foreclosures and evictions. (Here’s a list of what major banks are offering.) However, interest will accrue as normal and the late payments are either added to the end of your loan or expected to be paid back in a lump sum at the end of forbearance.

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