Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Structured Finance
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a demo
  • Log in
The Journal of Structured Finance

The Journal of Structured Finance

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JSF
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

Forbearance During the Pandemic: What Do We Know Thus Far?

Mike Fratantoni
The Journal of Structured Finance Fall 2020, 26 (3) 19-28; DOI: https://doi.org/10.3905/jsf.2020.1.110
Mike Fratantoni
is the chief economist of the Mortgage Bankers Association (MBA) in Washington, DC
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Click to login and read the full article.

Don’t have access? Click here to request a demo 
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600

Abstract

The pandemic has caused severe distress for households across the country. In response, policymakers and lenders have provided for the widespread use of forbearance, providing homeowners payment relief during this crisis. This article highlights the particular features of these forbearance plans and the rate of take-up over the initial period and then discusses the potential outcomes with respect to mortgage delinquency and foreclosure rates at the end of the forbearance period.

TOPICS: MBS and residential mortgage loans, risk management, legal/regulatory/public policy

Key Findings

  • • The onset of the pandemic caused severe distress for millions of families who lost jobs or had reduced income.

  • • At the peak, more than 4.3 million mortgages, 8.5% of all mortgages outstanding were placed in forbearance, with an even higher share of FHA and VA loans granted such relief.

  • • Mortgage delinquencies have spiked. However, an improving job market and a strong housing market could be enough keep all of these delinquencies from becoming foreclosures if borrowers are able to exit from forbearance and resume making their payments.

  • © 2020 Pageant Media Ltd
View Full Text

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Structured Finance: 26 (3)
The Journal of Structured Finance
Vol. 26, Issue 3
Fall 2020
  • Table of Contents
  • Index by author
  • Complete Issue (PDF)
Print
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Structured Finance.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Forbearance During the Pandemic: What Do We Know Thus Far?
(Your Name) has sent you a message from The Journal of Structured Finance
(Your Name) thought you would like to see the The Journal of Structured Finance web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Forbearance During the Pandemic: What Do We Know Thus Far?
Mike Fratantoni
The Journal of Structured Finance Oct 2020, 26 (3) 19-28; DOI: 10.3905/jsf.2020.1.110

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Forbearance During the Pandemic: What Do We Know Thus Far?
Mike Fratantoni
The Journal of Structured Finance Oct 2020, 26 (3) 19-28; DOI: 10.3905/jsf.2020.1.110
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
    • Abstract
    • DISASTER FORBEARANCE
    • COVID-19 AND CARES ACT FORBEARANCE
    • DELINQUENCIES PRIOR TO THE PANDEMIC
    • FORBEARANCE ACTIVITY
    • CONCLUSIONS
    • ADDITIONAL READING
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF

Similar Articles

Cited By...

  • No citing articles found.
  • Google Scholar
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • Home
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Log In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 1551-9783 | E-ISSN: 2374-1325

  • Site Map
  • Terms & Conditions
  • Cookies
  • Privacy Policy