With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.
According to Black Knight Inc., the number of those in active forbearance has been leveling-off over the past month (see graph below):
NMLS #130562 . U.S. Capital Mortgage Partners is an Equal Opportunity Housing Lender. Our loans are available on a fair and equal basis regardless of race, color, religion, sex, family status, military status, national origin, disability or ancestry. © 2016 by U.S. Capital Mortgage Partners. All rights reserved.
Website Designed by AE Lansing Web Development