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.View the Full Report
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.