There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program.
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4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
3 Ways Home Equity Can Have a Major Impact on Your Life
There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years.
What Happens When Homeowners Leave Their Forbearance Plans?
According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic.