Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.

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Mortgage Bailouts’ Expiration Puts Thousands in Tight Spot

As mortgage bailout initiatives sparked by COVID-19 begin to run out, hundreds of thousand homeowners face the prospect of foreclosure or being forced to sell their homes. So reports CNBC.

foreclosure 48120 640Although 7.7 million homeowners took advantage of the bailouts to miss payments during the pandemic, the programs’ expiration has left 3% of them, or about 264,000 borrowers, delinquent on their mortgages, according to Black Knight.

An additional 38,000 are in active foreclosure, according to the mortgage software, data and analytics company.

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