DMO - Forbearance to end for 600K+ delinquent mortgages come April: Black Knight

Once March is over, a clearer picture should emerge regarding delinquent homeowners' ability to pay their mortgages as many forbearance plans will reach their 12-month limit.That means homeowners who entered forbearance plans early in the pandemic will be faced with exiting the forbearance plans and need to work out payments again.There could be more than 2.5M active forbearance plans remaining at the end of March with more than 600K seriously delinquent mortgages that will move into post-forbearance loss modification waterfalls as they work to get back to current on their mortgages, according Black Knight's latest Mortgage Monitor Report.Another 300K+ borrowers will reach the end of their terms at the end of April."The various moratoriums which have kept foreclosure actions at bay over the past 10 months may be lulling us into a false sense of security about the scope of the post-forbearance problem we will need to confront come the

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Forbearance to end for 600K+ delinquent mortgages come April: Black Knight