The surge of mortgage delinquencies expected in the wake of the pandemic has apparently begun, and the numbers are stark. According to a report released today (Aug. 11) by CoreLogic (NYSE: CLGX), 7.3% of U.S. residential mortgages were in some state of delinquency — ranging from 30 days past due to already in foreclosure —Continue reading “CoreLogic Reports Doubling in Delinquent Mortgages”
Daily Archives: August 13, 2020
Initial Forbearance Periods are Ending; Here’s What to Do Next
Jul 21, 2020 by Aly J. Yale The CARES Act threw property owners a bone back in March, allowing for up to 180-day forbearances on government- and GSE-backed mortgages. But it’s now been months, and for many, those initial grace periods are starting to expire. If you’re in this boat, that means two things: First, mortgage payments will begin toContinue reading “Initial Forbearance Periods are Ending; Here’s What to Do Next”
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