Housing Market Update | Forbearance, Foreclosure and Recession | 1245

The Mortgage Bankers Association (MBA) reported Monday the forbearance rate increased in October after more than two years of declines. Is It over then? No, it’s not! Forbearance plans are still alive and well. As of October 31, there were 350,000 U.S. homeowners in forbearance plans, up from 345,000 at the end of September. That’s 5,000 new forbearance plans put in place just last month. Why is that, and how will this impact foreclosures hitting the market? Listen to this episode and find out! BUT BEFORE THAT, Matt explains why new home builders are hitting the brakes. Are you ready? Let’s go! Learn more about your ad choices. Visit megaphone.fm/adchoices