Mortgage Forbearance: A Sign of the Times?
Why the COVID-19 pandemic might not lead to a wave of foreclosures The U.S. economy dropped by almost 32% in the second quarter of 2020, leading 55 million Americans to file for unemployment. Under normal circumstances, the disastrous economic consequences of the COVID-19 pandemic would lead to a massive wave of foreclosures. But if anything is true of 2020, it’s this: The phrase “under normal circumstances” simply doesn’t apply. Historically,
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