Sunday, May 24, 2020

How many are making use of their forbearance plans?

The safety net of the #coronavirus-driven forbearance plans, taken up by nearly 10% of US #mortgage holders, looks to be getting quite a workout. In April, nearly 50% of those on #forbearance plans were still able to make their mortgage payments. Thus far in May, that cohort is down to one-fifth.

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