Why Pending Foreclosure Wave Won’t Be Like the Last One

There is little doubt that the COVID-19 pandemic will give rise to more foreclosures, but industry professionals predict conditions won’t be nearly as bad as they were in 2008-2010, for a few reasons.   A prominent housing analyst told to expect hundreds of thousands of defaults next year as mortgage forbearance periods end. Bankrate points out that the federal government predicts several billion dollars in loan losses at … The post Why Pending …

Read More »