The Corvid-19 hit America really hard and caused/forced so many out of work. So many home owners will lose their homes due to being laid off or reduced hours from their employers. With the Coronavirus (COVID-19) pandemic- a lot of people are worried.  

Some banks have offered deferment by placing 3 months of mortgage/credit cards/utilities/car loans- at the end of their loan, accommodating the customers. 

Fannie Mae and Freddie Mac went public and stated that Home Mortgages (FHA) should defer home payments for 90 days and other lenders have extended payments up to 12 months due to the CORVID-19.

US BANK have offered a forbearance and will pause payments for 90 days and once the 90 days are up - they will expect you to make all 3 payments at once or foreclosure may take place or a payment plan with a higher monthly payment going forward. If you are laid off or your hours have reduced- HOW CAN THEY EXPECT for someone to pay 3 months of mortgage payments in a lump sum or a new higher monthly payment (after modification) for your 4th payment after the 90 days is up.

US BANK - CUSTOMERS ARE REQUESTING DEFERMENTS- NOT THE 90 DAY FORBEARANCE!

THE FORBEARANCE OPTION DOES NOT BENEFIT THE ONES THAT ARE STRUGGLING.