Expiration news and trends

Banks Brace For Forbearance Program Expiry Dates

May 21, 2020
coronavirus, loans, forbearance, defaults, lenders, mortgages, news
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Banks Brace For Forbearance Program Expiry Dates

May 21, 2020
The time is almost up for people who got mortgage forbearance under the CARES Act, but banks can’t predict how many will default of the $150 billion in loans currently on ice, according to a Bloomberg report on Wednesday (May 20). In order to avoid an anticipated deluge of defaults, forbearance programs were quickly rolled […]