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Actually, BofA is doing the same thing as Chase. It's a forbearance for 3 months then, on the 4th month you can "ask" for it to be deferred and tacked onto the back of your loan. But, it's at their discretion w/no guarantees which in turn adds to the stress we are already feeling.

SLS is only a servicer for say BofA, JPMorgan Chase, Wells Fargo who are the investors. So if SLS provides a deferment then they (SLS) has to pay the interest and fees on that loan while it is being deferred. It's a cluster...

SLS is doing the same thing. You can skip paying for 3 months and the 4th month it's all due + interest.