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New Survey Shows COVID Mortgage Stats

OT Jumbo 300

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"New Survey Shows COVID Mortgage Stats"

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  1. I am not a conspiracy theorist. But it seems to me that banks are using the forbearance thing to lock their borrowers in from being able to refinance.

    Three things make me think this; they don’t want to see their recently closed borrowers (who closed between 4.25 and 5% in the last 2 years) pay off early, they practically push borrowers to apply for it and you can’t close a loan in forbearance even if the borrower never stopped making his payments.

    Am I barking up the wrong tree?