As unemployment rates continue to soar, many people are struggling to pay their mortgage.
There is help in the form of forbearance.
NEARLY -4- MILLIONAMERICANS....WHO HAVE APPLIED FOR MORTGAGEFORBEARANCE.MARKET ANALYST....BLACK KNIGHT SAYS...THAT NUMBER COULD REACH....-8- MILLION....BY JUNE.THAT'S NEARLY -16- PERCENT OFALL MORTGAGES....IN THE U-S.MARK GOLDMAN OF C-2 FINANCIALSAYS...HE'S ONLY HAD A COUPLEPEOPLE....ASK ABOUT FORBEARANCE.HE WANTS HOMEOWNERS TOUNDERSTAND...NOBODY'S GETTING...FREE MONEY.UNDER "THE FEDERAL CARESACT"...A FORBEARANCE LETS YOU STOPPAYING YOUR MORTGAGE.....FOR UP TO A YEAR.GOLDMAN FORBEARANCE MEANSTHEY'RE FORBEARING THE CURRENTPAYMENT THAT IS DUE, ANDSOMEHOW THAT THAT PAYMENTTHAT'S BEEN DEFERRED IS GOINGTO HAVE TO BE REPAID.ACCORDING TO THE CONSUMERFINANCIAL PROTECTION BUREAU...PEOPLE WITH GOVERNMENT BACKEDMORTGAGES HAVE OPTIONS....TO PAY IT BACK.IT CAN BE ALL AT ONCE....AT THE ENDOF THE FORBEARANCE...SPREAD OUT....OVER A PERIOD OF TIME...OR ADD IT.....TO THE END OF THEIR MORTAGE....AS A LUMP SUM OR ADDITIONALPAYMENTS.WE HAVE SPECIFIC ADVICE ONFINDING A JOB, MAKING ENDSMEET, AND MANAGING MENTALHEALTH ON THE REBOUND SECTIONOF OUR WEBSITE.IT'S OUR WAY OF HELPING US ALLRECOVER FROM THIS PANDEMIC.HEAD TO K-T-N-V -DOT- COM SLASH"REBOUND"METRO POLICE ARE INVESTIGATINGA SHOOTING...NEAR U-N-L-V'S CAMPUS.THIS IS NEAR....TROPICIANA AND MARYLANDPARKWAY.OFFICERS SAY...THEY FOUND A VICTIM WITHSERIOUS INJURIES...THERE... AND...THAT PERSON WAS RUSHED TO....SUNRISE HOSPITAL.RIGHT NOW...THERE'S NO SUSPECT INFORMATION.BREAKTHROUGH-VELON MUSK'S BORING COMPANY ANDTHE PEOPLE MOVER PROJECT....HAS HIT A MAJOR MILESTONE..EARLY THIS MORNING- CREWS BROKETHROUGH ON THE SECOND OF TWOTUNNELS FOR THE PROJECT.THIS IS WHAT IT LOOKS LIKEUNDERGROUND RIGHT NOW.THE CEO OF THE CONVENTIONCENTER SAYS- HE'S CONFIDENTPROJECTS LIKE THIS ONE- WILLHELP THE LAS VEGAS ECONOMYRECOVER OVER THE NEXT COUPLE OFYEARS."THE INVESTMENTS THAT WE'REMAKING NOW ARE GOING TO HELPLAS VEGAS RECOVER, THEY'REGOING TO BE CRITICAL IN HELPINGLAS VEGAS RECOVER"THE "PEOPLE MOVER" IS DESIGNEDTO TAKE GUESTS AROUND THE LARGECAMPUS IN JUST OVER A MINUTE.IT'S SLATED TO DEBUT IN JANUARY20- 21.NEW TONIGHT...FAMILIES IN NEED...ALSO GETTING HELP TODAY...FROM WORLD-RENOWNEDMAGICIAN... CRISS ANGEL.PARTNERING...WITH THE CORE GROUP...ANGEL'S "CURE FOR THE KIDS"FOUNDATION...PROVIDED 250- THOUSAND DOLLARSWORTH OF FOOD TO 100FAMILIES BEING TREATED AT THECHILDHOOD CANCER CENTER.SOMETHING...TO PUT A SMILE ON THEIRFACES...DURING THESE DIFFICULT TIMES."IT'S DEFINITELY A RELIEF OFSTRESS, I MEAN IT TAKES OFFTHAT BURDEN FROM THATFINANCIALLY.SO THAT WE CAN CONCENTRATE ONOTHER THINGS BECAUSE OUR KIDSGO THROUGH A LOT OF SITUATIONSAND WE HAVE TO PAY FOR THOSE.THE CENTER AFTER HIS OWN SONSPENT MANYHOURS THERE RECEIVINGTREATMENT FOR A FORM OFLEUKEMIA.NEW AT -6-...BRACING FOR AN INCREASE...WHY LOCAL ADVOCATES SAY...MORE FOSTER KIDS WILL BE.....IN NEED OF HOMES...AS THE STATE OPENS UP.AND -- GETTING THECLUBHOUSE READY!
HOW A LOCALCOMPANY IS HELPING THE "BOYSAND GIRLS CLUB"...GET READY TO REOPEN.DANI?<BREAK
As unemployment continues to soar, many people are struggling to pay their mortgage. There is help... in the form of forbearance.
Nearly 8% of all Mortgages in the US are in forbearance during the Coronavirus Pandemic. 10News looks at the pros and cons of..