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What Happens When Homeowners Leave Their Forbearance Plans?

What Happens When Homeowners Leave Their Forbearance Plans? | Keeping Current Matters

According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic.

The post What Happens When Homeowners Leave Their Forbearance Plans? appeared first on Keeping Current Matters.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Will Forbearance Plans Lead to a Tsunami of Foreclosures? | Keeping Current Matters

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments.

The post Will Forbearance Plans Lead to a Tsunami of Foreclosures? appeared first on Keeping Current Matters.

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Why Today’s Options Will Save Homeowners from Foreclosure

Why Today’s Options Will Save Homeowners from Foreclosure | Keeping Current Matters

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end.

The post Why Today’s Options Will Save Homeowners from Foreclosure appeared first on Keeping Current Matters.

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Do You Need to Know More about Forbearance and Mortgage Relief Options?

Do You Need to Know More about Forbearance and Mortgage Relief Options? | Keeping Current Matters

Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so.

The post Do You Need to Know More about Forbearance and Mortgage Relief Options? appeared first on Keeping Current Matters.

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