March 29th - August 4th Mortgage Update

Week two update on the Coronavirus and your mortgage payments.  Good news for many. the others we are here to help.  

March 29th - August 4th Rental Update

COVID 19 and your rent. Here are the latest FACTS and what we are telling our rental clients to do.

We continue to tell clients that If you have been laid off or have reduced hours due to Corona virus, call your Landlord, tell them the situation and let them know the rent will be late.  They CANNOT evict you.  

Governor Murphy Announces Mortgage Payment Relief, Financial Protections for New Jerseyans

  Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and Bank of America, in addition to over 40 other federal and state-chartered banks,  credit unions, and servicers to protect New Jersey homeowners. More financial institutions are expected to sign on in the coming days. 


  • 90-Day Grace Period for Mortgage Payments
  • No Negative Credit Impacts Resulting from Relief 
  • Moratorium on Initiating Foreclosure Sales or Evictions - 60 days
  • Relief from Fees and Charges 

NJ Declares State of Emergency

With the new FEMA Emergency Declaration:  New Jersey Covid-19 Pandemic (DR-4488), additional Federal Disaster funds will be made available to the state and this move COULD include funds to help Renters and Homeowners.  

CALL YOUR SERVICER: Our Partners have announced the following:

Many financial institutions have announced they will temporarily halt

foreclosures and evictions during the crisis and provide grace periods for

mortgage payment.

• Wells Fargo

• Citi

• US Bank

• Bank of America

• Fifth Third


• JP Morgan Chase

• And more…

Contact your financial institution to get the most up-to-date information

on how they can assist.

Stimulus Bill - Passed! 3/27/2020

The bill passed by both houses and on the way to the White House allows borrowers with federally backed mortgages who have a financial hardship directly or indirectly from the coronavirus pandemic to request forbearance. 

Borrowers can postpone mortgage payments for 180 days without incurring fees or penalties. And they can request to extend that forbearance for another 180 days.

This is not loan forgiveness. The missed mortgage payments would still be owed eventually, likely by extending the duration of the loan.

March 23-29, 2020 Update

Here are the latest FACTS and what we are telling our housing clients to do

Call your Mortgage Company

(and your other creditors)

We continue to hear from clients that the mortgage companies phone are very busy and hold times very lengthy.  However. keep trying, only a servicer can offer a forbearance for your payment.   



COVID 19 and your Mortgage Payment

Here are the latest FACTS and what we are telling our housing clients to do

If you have been laid off or have reduced hours due to Corona virus, call your servicer, you can find the number on your mortgage statement. 

Most servicers are offering 1-12 month forbearances. The federal government has recommended that they do just that. HUD and the FHFA who supervise Fannie Mae and Freddie Mac have directed their servicers to offer these options. That makes up about 65% of all loans outstanding. The other 35% should follow their direction.

However, these payments do NOT go away; payments will be put on the end or have to be repaid in the course of a couple of months. If your ability to pay was already stressed and the added repayment is too much, you may have to apply for a modification.

If you are in the middle of a foreclosure you should call us today. You have some reprieve from foreclosure, but your foreclosure is STILL active. While NJ’s Governor has stopped evictions as the result of a foreclosure proceeding, and the government insurers (Fannie Mae, Freddie Mac and HUD) are suspending foreclosures through April 30th, you are still in foreclosure that has not changed. 

Get help now. CCBC can assist you in a mediation or modification AT NO COST TO YOU!

Call 888-738-8233 and we can answer your mortgage payment questions. . 


Stay Healthy

Pandemic Housing Assistance

Mortgage housing counseling help

Foreclosure Mediation

Mediation can save a home from foreclosure, yet many homeowners enter the foreclosure process with their mortgage lender without an understanding of the type of relief that may be available to them. CCBC is there to help you navigate the Foreclosure Mediation Program, and the service is FREE.

Mortgage Modification

 A loan modification, which can make it easier to stay on top of mortgage payments and avoid foreclosure. 

Mortgage Forbearance

Do you have questions on what a forbearance is and how it works, we have the answers

Rental Counseling

Renters can receive full budget and credit counseling with a credit review to make any transitions easier, landlord advocate/eviction diversion services, or relocation services if necessary.

Mortgage Payment Questions

If you have a question about your mortgage, the payments, forbearance or anything at all, please call our trained and experienced counselors at 888-738-8233


Save your home from Foreclosure

3/27/20 How much will my Stimulus Check be:

3/25/20 What happens if I can’t pay my mortgage because of coronavirus?

Pandemic Housing Updates

We will publish the latest on mortgage issues during this pandemic.