Sunday, May 5, 2024 | The Latest Buzz for the Appraisal Industry

On Mortgage Forbearance and Delinquencies

According to the new data released by the Federal Reserve Bank of Philadelphia, it’s predicted that roughly 2.15 million mortgages are either in forbearance or past due, with an estimated 630,000 of those mortgages still in forbearance as of April 7.  Forbearances and seriously delinquent loans continue to decline compared to pre-pandemic levels, attributable to …

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