Foreclosure moratorium expires. Homeowners with deferred mortgage payments scramble to react. – The Washington Post

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In New Orleans, the rate of forbearance is higher than in any other major metro area as of July 6, according to Black Knight, a data analytics firm that focuses on real estate. About 7 percent of borrowers are taking advantage of the program, twice the national share of about 3.5 percent. Baton Rouge, about 80 miles northwest of New Orleans, ranked second-highest on forbearance rates.

Source Article from https://www.washingtonpost.com/business/2021/08/01/tsunami-deferred-debt-is-about-hit-homeowners-no-longer-protected-by-foreclosure-moratorium/

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