This video (https://youtu.be/8QtsEG51kLg), published 10/16/2020 with Danielle DiMartino Booth states FHA mortgage delinquencies are at 17.5%.
At the height of the housing bust around 2009 FHA mortgage delinquencies were at 14.4%. Only the CARES Act with its forbearance provisions has kept bankruptcies and foreclosures from skyrocketing.
Most of the provisions providing debt forbearance in housing, cars, and credit cards expires 12/31/2020.
Watch for market disruptions early 2021.
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