More than eight percent of mortgage loans are currently in forbearance, which could mean coming economic distress from mortgage delinquencies. And more foreclosure clean-outs.
When it comes to the housing market in general, home sales are expected to rebound as concerns about coronavirus begins to fade. However another dip in sales is anticipated later in the year as a result of a possible rise in infections along with ongoing unemployment, which may lead an up-and-down recovery for the economy as a whole.