Friday 29 May 2020

TRD Insights: NY, NJ homeowners more likely to be in mortgage forbearance

The number of homeowners seeking forbearance for their mortgages has risen dramatically as a result of the coronavirus crisis, with the Mortgage Bankers Association finding more than 8 percent of home loans to be in forbearance as of mid-May. But what kinds of homeowners have been seeking relief on their loans? A recent analysis by Kroll Bond Rating Agency provides some clues. The company ran a logistic regression analysis on about 22,000 mortgages across 47



source https://therealdeal.com/2020/05/29/trd-insights-ny-nj-homeowners-more-likely-to-be-in-mortgage-forbearance/

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