Tag: default rate
![The Cares Act](https://crr.bc.edu/wp-content/uploads/2021/01/the-cares-act-art-w-source_.jpg)
As the pandemic was sinking into our collective consciousness a year ago, Congress, fearing economic calamity, allowed Americans to temporarily halt their mortgage and student loan payments. By the end of October – seven months after President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act – Americans had postponed some $43 billion…