Most Homeowners Have Exited Mortgage Forbearance Programs–But Those Who are Left are the Most Vulnerable

CNBC, May 21, 2021–Megan Leonhardt
Only 35% of borrowers, or about 2.2 million homeowners, who signed up for forbearance remain in these programs, the New York Fed found. But those who remain in forbearance typically have lower credit scores and live in lower-income neighborhoods, making them more susceptible to losing their homes when these programs end later this year.