Trick or trend: Watch the residential real estate sector come September
The Consumer Financial Protection Bureau is warning of a deluge of foreclosures that could hit the housing market in September. As of January more than 2 million borrowers had either postpone their mortgage payments or failed to make them for at least three months, according to the bureau. Government-authorized forbearance plans begin to end in September. That means hundreds of thousands of home owners will need help getting back on track or face foreclosure on their homes.
