Insights from JPMorgan Chase Institute's Research Update on Mortgage Forbearance
Explore key findings from JPMorgan Chase Institute's research update on mortgage forbearance, revealing how homeowners in forbearance are managing payments compared to those not in forbearance. Discover the impact of income changes, labor income loss, and UI receipt on families in forbearance. Learn how forbearance has helped families maintain their cash buffers during challenging times.
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Presentation Transcript
JPMorgan Chase Institute Research Update JPMorgan Chase Institute jpmorganchaseinstitute.com
Finding 1: A third of homeowners in forbearance made all payments to date while a small fraction of homeowners not in forbearance have missed payments.
Finding 2: Families using forbearance to miss mortgage payments had larger drops in income and the distribution of their income changes was similar to those who missed payments without forbearance.
Finding 2: Families using forbearance to miss mortgage payments had larger drops in income and the distribution of their income changes was similar to those who missed payments without forbearance.
Finding 3: Families in forbearance were more likely to have lost labor income and received UI than families not in forbearance.
Finding 3: Families in forbearance were more likely to have lost labor income and received UI than families not in forbearance.
Finding 3: Families in forbearance were more likely to have lost labor income and received UI than families not in forbearance.
Finding 4: Forbearance helped families to maintain their cash buffers.
