Bill Holter’s Commentary
As the saying goes…”you have been warned!”
Feds Warn Mortgage Firms: “Tidal Wave Of Distress” Coming As Forbearance Programs Set To Lapse
April 3, 2021
The Consumer Financial Protection Bureau (CFPB) warned mortgage firms Thursday “to take all necessary steps now to prevent a wave of avoidable foreclosures this fall.”
As of March 30, approximately 2.54 million homeowners remain in forbearance or about 4.8% of all mortgages, according to the latest data from Black Knight’s McDash Flash Forbearance Tracker.