Kelly Cochran spoke on a panel about generative AI and its potential to intersect or disrupt academic research and financial markets.

This post examines consumers who remained in forbearance one year after the pandemic lockdowns started. The authors found that 13% of all mortgage borrowers were in forbearance for at least one month during the past year and that 35% of those participants were still in forbearance as of March 2021. More than 70% of consumers still in forbearance were not making any payments in March, suggesting that they are relatively vulnerable to serious delinquency as forbearance programs end.