400k borrowers are “needlessly delinquent”, study finds

Around 400,000 homeowners who’re struggling to pay their mortgages due to the COVID-19 pandemic have failed to take advantage of forbearance programs that could help them, despite being eligible, a report from the Urban Institute has found. Homeowners with federal mortgages are allowed under the Coronavirus Aid, Relief and Economic Security Act to defer mortgage

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NY FED Estimates Millions More Foreclosures Possible In 2012 and 2013

It seems that something is amiss when you compare recent media reports with the actual housing data recently provided by William C. Dudley, the President and Chief Executive Officer of the Federal Reserve Bank of New York.

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