By our projections, some 2.86 million mortgages are past due; about 1 million of those are in Coronavirus Aid, Relief, and Economic Security (CARES) Act forbearance plans. With many of these plans reaching their maximum terms by year-end and safeguards for borrowers against servicers starting foreclosure expiring at year-end, examining how these mortgages are resolved is critically important. This monthly report examines the very latest figures on mortgage forbearances, evaluates home-retention options for federally insured mortgages in forbearance, examines delinquency and foreclosure trends, and adds demographic and income information on past due mortgages.

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