Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely

By | September 11, 2021

Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a far better position now than they were at the start of the pandemic.

The number of active mortgage forbearance plans, in which borrowers were allowed to delay their monthly payments, fell by more than 5% from the previous week, according to a new report from Black Knight, a mortgage data and analytics firm.

Read full article at CNBC.

 

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Author: MS Editorial Team

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