The Risk Assessment, Data Analysis, and Research (RADAR) Group explores ways to integrate forbearance into the workout process to keep more borrowers in their homes.
In our last report, we described a New Normal for mortgage markets, characterized by forbearances settling in at below half a million, around 2 million delinquent mortgages, and around 30,000 foreclosure starts per month. With most of the 9 million mortgages that entered forbearance having exited successfully, we turn our attention to ways to integrate forbearance into the workout process to keep more borrowers in their homes.
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