The Consumer Financial Protection Bureau last week issued a report warning that, without additional action, widespread evictions and foreclosures will occur after federal, state, and local pandemic protections come to an end. The report finds that more than 11 million families are behind on their rent or mortgage payments: 2.1 million families are behind at least three months on mortgage payments, and 8.8 million are behind on rent. Homeowners are estimated to owe almost $90 billion in missed payments.
The report is here.
