ATTOM’s Midyear 2021 U.S. Foreclosure Market Report shows there were a total of 65,082 U.S. properties with foreclosure filings in the first six months of 2021, which is down 61 percent from the same time period a year ago and down 78 percent from the same time period two years ago.

“The government’s foreclosure moratorium and mortgage forbearance program have created an unprecedented situation – historically high numbers of seriously delinquent loans and historically low levels of foreclosure activity,” says Rick Sharga, executive vice president of RealtyTrac, an ATTOM company.

“With the moratorium scheduled to end on July 31, and half of the remaining borrowers in forbearance scheduled to exit that program over the next six months, we should start to get a more accurate read on the level of financial distress the pandemic has caused for homeowners across the country,” he adds.

To continue reading the rest of the article, please click on the source link below:

ATTOM: Historically High Serious Delinquencies, Historically Low Foreclosure Activity