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TCF Bank starts 2nd round, pays $1.8B in PPP loans along with other relief

These mortgages account fully for a small over $1 trillion in unpaid principal, the report records, of which a projected 7.1% of most Fannie Mae and Freddie Mac backed loans and 12.6% are FHA/VA mortgages presently in forbearance.

Because of the end of April, 4.25 million property owners had been in active forbearance but 46% of them nevertheless made their April mortgage repayment, while 54% failed to, stated Ebony Knight CEO Anthony Jabbour. keep reading

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