Mortgage servicers brace themselves as forbearance programs edge towards expiration

Mortgage servicers brace themselves as forbearance programs edge towards expiration

Mortgage servicers are preparing for a wave of delinquent mortgages and possible foreclosures to hit the market, but say they have already taken steps to mitigate their impact. The U.S. government made mortgage forbearance available to any home loan borrowers in the...
Foreclosure activity to resume in July, some banks say

Foreclosure activity to resume in July, some banks say

Some of America’s biggest banks have said they’ll start resuming foreclosures on delinquent mortgages this summer when COVID-19 forbearance programs expire. The Mortgage Bankers Association says over 2.1 million American homeowners are still in forbearance plans that...