May 19, 2020
Part of the CARES act provides for a 90 day forbearance on mortgage payments during the pandemic to help those that may have lost their jobs […]
I don't need to paint a picture of how dangerous this can be and will affect, greatly for sure, the mortgage market in the coming months. The question remains, what happens when forbearance ends and no qualified buyers will be flooding the market for refinances, sales, or foreclosures? There are approximately 4.2 million loans in forbearance through the end of June.