A foreclosure crisis is looming — but here’s what’s different from 2008

Though a foreclosure crisis is on the horizon, experts say recent fiscal policy will prevent a full collapse of the financial system. “It’s a slow-moving process,” Bill Emmons, an economist at the St. Louis Federal Reserve, said during a presentation on housing insecurity on Wednesday. “It definitely looks like there will be another major event, but hopefully not as bad as the foreclosure crisis associated with the Great Recession.” This time around, however, the financial

source https://therealdeal.com/2020/09/24/a-foreclosure-crisis-is-looming-but-heres-whats-different-from-2008/