General World News

Why another foreclosure tsunami is still unlikely

HW+ House cut out graphic

It was August 2020, six months into a global pandemic, when I laid out what I thought at the time was a compelling case against a wave of foreclosures similar to the one that the nation experienced during the Great Recession. 

A year later, and with the benefit of 20/20 hindsight, I’m more convinced than ever that when government borrower protections finally do expire, we’ll see a relatively soft landing when it comes to foreclosures. Let’s review some of the factors we looked at a year ago and see how they played out.

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