Rising Mortgage Delinquencies to Show up in 2021

Credit Union Times, Nov. 23, 2020 –Jim DuPlessis
The refinance boom is edging toward its third birthday, but like all good parties, it will be coming to an end. Mike Fratantoni, chief economist for the Mortgage Bankers Association, said Thursday that this year will close with record profitability for mortgage lenders despite the effects of the COVID-19 pandemic on other sectors of the economy and mortgage delinquency rates that are already rising.