By our projections, some 3 million mortgages are past due; 1.21 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.
Examining Resolution of Mortgage Forbearances and Delinquencies – October 2021
21 Oct ’21
The Risk Assessment, Data Analysis, and Research (RADAR) Group has created a monthly report examining mortgage forbearances and delinquencies.