
Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end. Some even worried that we might relive the 2006-2008 housing crash all over again. Once you examine the data, however, that seems unlikely. As a matter of fact, forbearance numbers are decreasing! As reported by Odeta Kushi, Deputy Chief Economist for First American: “Despite the federal foreclosure moratorium, there were fears that up to 30% of homeowners would require … Continue reading...