MBA forbearance plan aims to help borrowers, servicers, investors and taxpayers.

Mortgage BankingVol. 70 Nbr. 7, April 2010

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MBA forbearance plan aims to help borrowers, servicers, investors and taxpayers.

More unemployed Americans are experiencing the longest interlude between jobs since government record-keeping began in 1948, according to MBA Chief Economist Jay Brinkmann, who says 41 percent of those currently jobless have been without work for more than six months.

This unfortunate precedent serves as a backdrop for an MB...

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