Discretionary Forbearance AgreementDiscretionary Forbearance Agreement • January 28th, 2013
Forbearance is an arrangement to postpone or reduce the amount of a borrower’s monthly payment for a limited, specified time period. The borrower’s loan continues to accrue interest during a period of forbearance. Forbearance is available to a borrower or endorser who is willing but unable to make currently scheduled payments due to a temporary financial hardship. Forbearance requests are subject to lender approval.
