Posts Tagged: forbearance

A Bigger Price for Relief

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to the Washington Post, the Coronavirus Aid, Relief, and Economic Security (Cares) Act indicates that mortgagees have the right to ask for an initial forbearance of up to 180 days with interest accruing, but with fees and penalties are waived. Questions: What was actually happening when mortgagees contacted their mortgage companies for coronavirus relief?… Read more »