Expiration of Mortgage Bailout Programs Unlikely to Cause Foreclosure Crisis
Pro Builder
SEPTEMBER 10, 2021
CNBC reports that 400,000 expirations will occur this month, 18 months after the largest wave of enrollment back in March and April 2020. At the peak in May 2020, there were 5 million borrowers in forbearance programs and that has since dropped to 1.618 million, accounting for 3.1% 1 trillion in ‘tappable equity’.
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