A spike in mortgage forbearance requests could cause a liquidity crunch for mortgage companies, which is why the metric is regularly forecast. Yet the way forbearance rates are predicted might be all wrong, according to a report from the Urban Institute. The main measure that housing market analysts use to predict forbearance requests is unemployment. But the report questions the relationship between unemployment and forbearance, and suggests that an unanticipated spike in forbearance requests would
source https://therealdeal.com/2020/06/02/trd-insights-forbearance-rates-forecasts-might-be-all-wrong/
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