VIDEO: Will Loan Forbearance Cause the Next Housing Recession?
Is all this loan forbearance going to drive the next housing recession in 2021? Right now, there are an estimated 172,000 loans in forbearance, that have missed three or more payments under their plans and have less than 10% equity in their homes. That’s a lot of loans potentially heading into default. As usual, Ben Belack, Beverly Hills realtor gives you an outlook on the upcoming real estate market.