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Foreclosures are surging now that Covid mortgage bailouts are ending, still at low levels

gdale6
Moderator

Foreclosures are surging now that Covid mortgage bailouts are ending, still at low levels

  • Pandemic-related mortgage bailouts are ending, and foreclosures are now rising.
  • Foreclosure starts jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020.
  • The foreclosure numbers should stay relatively low because of aggressive modifications by lenders and also because of high levels of home equity.

 

https://www.cnbc.com/2021/10/14/foreclosures-surge-67percent-as-covid-mortgage-bailouts-expire.html

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