News - Mortgage account financial hardship continued to decline

[Rene Owczarski]

Just saw this pop up this morning on Housing Wire. Mixed bag of news on the credit front.

Here are the quick hits:
- Second month decline in total percent of all credit account in "financial hardship"
- Increase in 30 day past dues for auto and mortgage.
- Decrease in forbearance mortgages from 4.7MM to 3.7MM.

Link to the article:
TransUnion: Accounts in financial hardship continued to decline in August
     However, those still in accommodation programs may be at higher risk of default

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My own side note:

With so many mortgage account still in forbearance, about 7 month after the start of the forbearance program in the CARES Act.
Is this the next big opportunity for real estate investors, to structure subto (subject to) deals, to help homeowners catch up their arrears and pickup properties on the cheap. Since it's still unclear if all back payments missed are due once you exit forbearance.
Also are these 3.7MM homeowners the next big pool of renters in the country.
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