The journey back to reality begins: mortgages, HELOCs, defaults and foreclosures in the second quarter

The journey back to reality begins: mortgages, HELOCs, defaults and foreclosures in the second quarter

Forbearance and pandemic money are running out. But everyone had fun. By Wolf Richter for WOLF STREET. Mortgage balances jumped 9% in the second quarter from a year ago as prices climbed year-on-year as people bought far fewer homes – home sales Existing homes fell 10% from the second quarter of last year and sales …

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