Can Mortgage Forbearance Help Stabilize the Economy?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed households with federally backed mortgages to temporarily halt their payments for up to 18 months without facing fees or penalties. In this presentation, experts will assess whether and how much these widely used provisions helped stabilize and stimulate economic activity. They will also explore whether mortgage forbearance can promote macroeconomic stability during economic downturns.