Thanks to the federal foreclosure moratorium sending more homeowners into forbearance, the default rate for first mortgages remained steady in September, but that number could go up as servicers begin processing and reporting foreclosures since the moratorium’s expiration on July 31. S&P Dow Jones Indices and Experian data through September 2021 for the S&P/Experian Consumer Credit Default Indices has found that the first mortgage …
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