Q2 Update: Delinquencies, Foreclosures and REO

REO: lender Real Estate Owned

Last year, I pointed out that the foreclosure moratorium, combined with the expiration of a large number of forbearance plans, would NOT lead to a surge in foreclosures and impact house prices (as happened following the housing bubble). In September 2021, I wrote:

With house prices up sharply year-over-year … very few borrowers will have negative equity,…