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Stories Tagged as

Forbearance

Foreclosures rise as pandemic protections expire

by Amy Scott
Oct 15, 2021
But filings are still well below historical norms. And analysts are not expecting anything like the foreclosure crisis during the last recession.
A lender-owned home for sale in Rialto, California, in February 2008. While foreclosure rates are currently at historic lows, there's been a jump in recent months as pandemic relief ends.
Robyn Beck/AFP via Getty Images
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More homeowners are back to paying their mortgages

by Amy Scott
May 3, 2021
But the recovery has been unequal. Black homeowners are at a higher risk of foreclosure when forbearance rules expire, one nonprofit says.
Despite recent trends, more than 2 million mortgages are still in forbearance.
Chainarong Prasertthai via Getty Images
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COVID-19

CFPB warns lenders of "tidal wave" of distressed mortgages

by Kimberly Adams
Apr 5, 2021
But homeowners are in a better position to avoid foreclosure than they were in the last crisis.
As of January, more than 2.7 million people were still in the programs to put mortgage payments on hold during the pandemic, the Consumer Financial Protection Bureau says.
Nicolas Kamm/AFP via Getty Images
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COVID-19

Biden extends mortgage forbearance, foreclosure relief programs

by Amy Scott
Feb 17, 2021
Homeowners can request up to six months of additional relief, and the deadline for new applicants is now the end of June.
Saul Loeb/AFP via Getty Images
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COVID-19

More homeowners are seeking long-term mortgage relief

by Amy Scott
Nov 6, 2020
Some who left forbearance plans are delaying payments again.
A woman marches during the Cancel Rent and Mortgages rally in June in Minneapolis. There are 2.9 million mortgages in active forbearance, according to a report Friday from mortgage data company Black Knight.
Brandon Bell/Getty Images
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COVID-19

Discover says fewer people are opting to defer credit card payments

by Justin Ho
Jun 10, 2020
Will banks that offered forbearance see more customer loyalty down the road?
In the long run, it might be better for customers' financial health to pay off credit debt instead of deferring those payments.
Olivier Douliery/AFP via Getty Images
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COVID-19

Mortgages in forbearance drop for the first time since March

by Amy Scott
Jun 8, 2020
But not everyone who needs relief may be getting it.
Ian Waldie/Getty Images
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