The current economic situation has left many individuals worried about the potential of facing foreclosure or bankruptcy. With growing uncertainty surrounding employment, income, and overall financial stability, it's no surprise that people (and servicers) are concerned about the future of homes and financial well-being.

On this episode of Talk Data to Me, we’ll dive into the residual effects of forbearance agreements resulting from the pandemic and the interplay between foreclosures and bankruptcy.

Experts from Weltman, Weinberg & Reis Co., LPA, Scott Fink and Ben Hoen, explain how foreclosure affects bankruptcy and walk us through how loans migrate back and forth. We'll also take a look at the economic indicators in bankruptcy and foreclosure and the current trends in bankruptcy filings and real estate. As well as discuss the Federal Housing Finance Agency (FHFA)’s announcement from March 2023 about payment deferral for borrowers facing financial hardship. Finally, we'll share our thoughts on the Federal Reserve's reaction to bank failures and how it's affecting mortgage servicers.

Tune in to gain valuable insights and stay ahead of the ever-evolving mortgage industry.

Listen to the full episode, see speaker bios, and more.

Learn more about Weltman, Weinberg & Reis Co., LPA.