Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels

Foreclosures are starting to surge as government and private sector programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic have begun to expire. Mortgage lenders began the foreclosure process on 25,209 properties in the third quarter, a 32% increase from the second quarter. On a year-over-year basis, it’s a 67%… Continue reading Foreclosures are surging now that Covid mortgage bailouts are ending, but they’re still at low levels