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Mortgage Forbearance Helped Businesses, Homeowners: Fed

The Federal Reserve Bank of New York has released research finding that mortgage forbearance was a boon for small businesses and low-income homeowners. So reports Reuters.

Fed Reserve NYA stop to forbearance could result in more households going into delinquency, according to the researchers.

“Whether these forbearances are simply forestalling future trouble for strained business owners, or if the post-pandemic economy will support the owners to catch up the lost months remains to be seen," the researchers wrote.

Read the full article from Reuters.

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