Real Estate News | Real Estate Investing | Stock Market Investing | Passive Income | Flipping | 1031 Exchange | Private Lendi
What the Government is Doing to Prevent a New Wave of Foreclosures
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:05:30
- Mas informaciones
Informações:
Sinopsis
For the full transcript, click on the Notes tab on the podcast player for this episode on our website: www.NewsForInvestors.com. Transcript 00:00:00 [Speaker] Kathy Fettke: Americans behind on their mortgage payments are facing the end of a long pandemic-induced foreclosure ban. The moratorium officially ends on July 31st for federally-backed mortgages, and with forbearance programs also coming to an end, the government is offering new options to keep borrowers from losing their homes. Hi I’m Kathy Fettkie and this is Real Estate News for Investors. The pandemic left millions of Americans unemployed and struggling to pay their mortgages. Many went into forbearance programs that allowed them to put their payments on pause. Black Knight says the number of loans in forbearance peaked last August and September at about 4.4% of all active mortgages. But those numbers have been dropping over recent months. Forbearance Volume Drops to about 2 Million According to the latest survey by The Mortgage Bankers Association