The Predicted Foreclosure Surge Likely Won’t Happen, Even among Financially Vulnerable Borrowers

Urban Institute, Feb. 11, 2021–Michael Neal, Laurie Goodman
After mortgage forbearance rates peaked at 8.55 percent in June 2020, they began to decline as the unemployment rate fell. Since October, however, the unemployment rate has moderated significantly, which has led to a similar flattening of forbearance rates.