Foreclosure Concerns

The Journal this morning reported on the growing concern over mortgage relief ending soon for millions of homeowners. (Wall Street Journal)

Mortgage forbearance has been a financial lifeline for many Americans navigating the pandemic-ravaged economy, allowing homeowners to eliminate what is often their largest bill for months at a time. But the relief programs, largely designed to last a maximum of 12 months, are set to expire in the coming months, a serious challenge for borrowers who are still out of work or are earning less than they did pre-pandemic.

I covered this topic this morning in the newsletter and it’s not quite as dire as some make it out to be.  (Markets & Mortgages)