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AUjim
Troy Fan
America
Member since Dec 2012
3093 posts

'Foreclosure moratorium/mortgage forebearance' - resources and questions
I'm about to try and figure out what is actually going on with the foreclosure moratorium...

My thought without reading much is that if this economic slowdown/shutdown is half as bad as it seems, there should be a serious backlog of foreclosures being executed in the next year. There are just too many things that don't make sense.

If you have some good info/articles/reading, please feel free to share here-


slackster
Stanford Fan
Houston
Member since Mar 2009
71531 posts
 Online 

re: 'Foreclosure moratorium/mortgage forebearance' - resources and questions
Most recent data had ~4% of mortgages 90+ days late. The number is down a good bit from the pandemic highs, but is about 4x higher than the prepandemic level.

LINK
This post was edited on 2/23 at 11:50 am


AUjim
Troy Fan
America
Member since Dec 2012
3093 posts

re: 'Foreclosure moratorium/mortgage forebearance' - resources and questions
quote:

slackster


Awesome-thanks-

It seems that one of the options that the federal government is going to try to play is to continue the moratorium until that delinquent number is closer to pre-pandemic 1%?


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