Report
Recent Data on Mortgage Forbearance: Borrower Uptake and Understanding of Lender Accommodations
Abstract: This research brief examines data relating to mortgage forbearance using responses to the January 2021 COVID-19 Survey of Consumers conducted by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute. We study a national sample of 1,172 homeowners with mortgages, who reported the current and past forbearance status of their mortgage and other household credit accounts, discussed their familiarity with and understanding of lender accommodations that might be available to them, and provided their demographic characteristics. Respondents characterize their current employment and loan characteristics, as well as past difficulty making payments or disruptions in employment experienced during the COVID-19 pandemic.
Keywords: COVID-19;
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File(s): File format is text/html https://www.philadelphiafed.org/-/media/frbp/assets/consumer-finance/reports/21_02_cfi_research-brief-mortgage-forbearance.pdf
Bibliographic Information
Provider: Federal Reserve Bank of Philadelphia
Part of Series: Consumer Finance Institute Research Briefs and Special Reports
Publication Date: 2021-03-04
Pages: 4