Real Estate

When banks could restart home foreclosure proceedings

0


It’s been over a year since lenders and the federal government stepped in to help Americans stay in their homes amid the global health and economic crisis caused by the Covid-19 pandemic. And many Americans still need that support. 

About 2.1 million homeowners are still in forbearance plans that suspend their mortgage payments, according to Mortgage Bankers Association’s latest data. And about 1.8 million families are not in forbearance, but are already at least 90 days delinquent on paying their mortgages as of April, according to the latest data from Black Knight, which monitors mortgage data.

For now, many are protected from eviction through a foreclosure moratorium on federally…



Source cnbc.com

High prices, few discounts and low inventory await car shoppers

Previous article

AMC stock erases a 38% rally and turns red in wild trading

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate