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Servicers prepare to handle forbearance exits

Housing Wire

This article is part of our HousingWire 2022 forecast series. As a result of the COVID-19 pandemic, over 22 million Americans lost their jobs between January 2020 and April 2020, the highest level since the Great Depression. But the real test is yet to come: Most forbearance plans only just began expiring in September.

Mortgage 401
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What would it take to crash the housing market?

Housing Wire

One of the reasons that I moved into the “team higher mortgage rate” camp is that what I saw in January, February, and March of this year was so unhealthy that I labeled the housing market savagely unhealthy. The years 2020-2024 were always going to be different from 2008-2019. Inventory collapsed in 2020, 2021 and 2022.