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mortgage defaults

841 billion in forbearance, who will be left holding the bag? Will 2020 be a 2008 repeat?

841 billion in forbearance, who will be left holding the bag? Will 2020 be a 2008 repeat?

  • November 11, 2020
  • hard money

Almost 10% of all government sponsored mortgages entered mortgage forbearance which accounts for almost 841 billion dollars in loans.  4 in 5 workers say they live paycheck to paycheck, with around 30 million people unemployed, the numbers could be daunting.…

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Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

Large mortgage defaults on the horizon, are you ready for a 100 billion dollar March Madness?

  • September 24, 2020
  • Colorado Hard Money

FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any…

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