3.4 million homes in forebearance

Latest data from the financial firm Black Knight indicates that 2.9 additional homes in the last week stopped their regular mortgage payments. In total that sum now stands at roughly 6.4% of all US mortgage loans.

In response Freddie Mac and Fannie Mae will begin buying back some of these mortgages citing a need to keep the mortgage market “working for current and future homeowners.”

More information can be found here.

Posted on April 24, 2020 at 9:18 pm
Chris Reis | Category: Real Estate Trends

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