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Experts Say Homeowners Exiting Forbearance Will Need Outreach, Assistance

Experts Say Homeowners Exiting Forbearance Will Need Outreach, Assistance Dec 21 2020, 1:22PM The Urban Institute (UI) recently held a webinar with housing experts to look at distress in the housing market. In a report on the findings, researchers Jung Hyun Choi and Daniel Pang say that, as of November, 3.7 million homeowners who had taken advantage of forbearance as the pandemic began have left the programs while 3.2 million others continue to struggle. About 2.8 million remain in active forbearance while another 369,000 are delinquent on payments but are not in plans. Many of those in active forbearance have reached their sixth month, requiring them to either leave their plans or

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