400,000 Forbearances Will Expire This September

This month is the start of forbearance expirations; around 700,000 are expected to be due for review and just over 400,000 forbearance plans are set to lapse. This pending "crisis" where a flood of delinquent homeowners are expected to begin paying again has only three potential outcomes, all of which will impact the real estate market in significant ways. This could include a new payment plan that rolls any missed payments and accrued interest during the forbearance period into the unpaid balance and re-amortizing the loan at an agreed-upon interest rate and term.