In this 17 minute video, Lydia Wietsma and I discuss the latest in forbearance and updates on the new CFPB leadership.
Tag Archives: #forbearanceinfo
Phoenix Area Real Estate Update 9/18/2020
If you see headlines stating “delinquency rates on the rise” those rates include mortgages in forbearance which are planned deferrals. According to Black Knight Financial, there are about 2 million more delinquent mortgages than there were in February. This chart shows that 30-day delinquencies are 14% lower than pre-pandemic numbers and the initial wave is subsiding.