As Foreclosurepedia predicted several months ago, the Biden Administration has pushed out the government-backed or guaranteed mortgage foreclosure and forbearance moratoria out until 30 June 2021. This covers roughly 70% of all single family home mortgages out there. The impacted number eligible for relief stands at roughly 13.7 million homeowners. This leaves 30% --- roughly 5.9 million --- homeowners out in the cold. So, at least through the July 4th Holiday, current volumes are anticipated to remain the same if not drop even more. One thing in which the Biden Administration did not address . . .
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