Covid-19 is Still Causing Financial Distress

Covid-19 is Still Causing Financial Distress

Posted by Shawn Simpson // October 7, 2020

covid-19

Mike Fratantoni, MBA’s chief economist, said, “The significant churn in the labor market now, more than six months into the pandemic, Covid-19 is still causing financial distress for millions of homeowners.” About 29% of total loans in forbearance are in the initial plan stage, while 70% are in a forbearance extension, MBA said. The remaining 1.4% are forbearance […]


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