News on Mortgage Forbearance

For anyone worried that mortgage forbearance would eventually cause a flood of distressed properties to hit the market, there is good news this week.

The number of mortgages in forbearance continues to drop and hit its lowest point since April of 2020.

Loans in forbearance dropped 12% compared to one month ago.

It appears the growing economy is helping homeowners to exit forbearance and keep the market free of distressed properties.