Forbearance

Jan. 28, 2021

What Happens When Homeowners Leave Their Forbearance Plans?

forbearance

 

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now:

 

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Posted in Forbearance
Nov. 10, 2020

Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

Foreclosure

 

As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans have been put in place through forbearance to ...

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Posted in Forbearance
Aug. 25, 2020

Forbearance Numbers Are Lower than Expected

 

Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine ...

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Posted in Forbearance