As Forbearance Ends

Many borrowers are reaching the end of their 18 month forbearance plans, but this will not lead to a huge wave of foreclosures.

Previously I wrote: Forbearance, Delinquencies and Foreclosure

Some simple definitions (for housing):

Forbearance is the act of refraining from enforcing mortgage debt.

Delinquency is the failure to make mortgage payments on a timely basis.

Foreclosure is when the mortgage lender takes possession of the property after the mortgagor failed to make their pay…