About a year and a half ago Emily Allen-Smith quit her job at the American Red Cross to turn her gardening hobby into a farming business in Plymouth, Ohio. She sells specialty produce, like heirloom tomatoes and Mexican sour gherkins, to high-end restaurants.

“It very much depended on that close, personal relationship with the chef,” she said. “That’s really been the struggle this year. A lot of chefs have quit, and a lot of the restaurants just aren’t serving at capacity.”

So back in May, struggling to pay their $800-per-month mortgage, she and her husband asked their lender to let them postpone their payments. Under the CARES Act, the pandemic relief package passed by Congress in March, borrowers with federally backed mortgages can reduce or pause their mortgage payments with no penalty.

“You know that they’re not going to take your house away right now,” Allen-Smith said. “So I’m going to spend my money on food and other things that aren’t as protected.”

Allen-Smith’s mortgage is among the 2.9 million in active forbearance, according to a report Friday from mortgage data company Black Knight. That’s down 40% from the peak in May. But in the past week, 87,000 loans have gone into new forbearance plans, the highest volume since mid-April.

“So there’s still a lot of stress out there in the market right now,” said Black Knight economist Andy Walden.

A lot of people are restarting plans that had expired, Walden said. The CARES Act allowed borrowers to pause their payments for six months, with the option to extend for another six months. Missed payments can be made up in a repayment plan or tacked on to the end of the loan term.

Without additional aid from Congress, more homeowners are likely to need relief, said Ed Mierzwinski with the U.S. Public Interest Research Group.

“There’s no question that individual consumers and families are paying the brunt of the price here,” he said. “First, you worry about getting sick, then you worry that you don’t have any money to pay your bills.”

In April, Damian Lopez-Gaston was furloughed from his job in the event and hospitality industry in Albuquerque, New Mexico. After the $600 weekly supplement to unemployment benefits expired in July, he called his mortgage lender.

“Ultimately all these people are unemployed not because they wanted to be unemployed, but because they were told to shut things down, and I assumed that the government would then look after people,” Lopez-Gaston said.

Though homeowners are protected from losing their homes, for now, Mierzwinski said some may see damage to their credit. Under the law, forbearance is not supposed to hurt a borrowers’ credit score, but according to complaints to the Consumer Financial Protection Bureau, that is happening to some borrowers.

New COVID-19 cases and deaths in the U.S. are on the rise. How are Americans reacting?

Johns Hopkins University reports the seven-day average of new cases hit 68,767 on Sunday  — a record — eclipsing the previous record hit in late July during the second, summer wave of infection. A funny thing is happening with consumers though: Even as COVID-19 cases rise, Americans don’t appear to be shying away from stepping indoors to shop or eat or exercise. Morning Consult asked consumers how comfortable they feel going out to eat, to the shopping mall or on a vacation. And their willingness has been rising. Surveys find consumers’ attitudes vary by age and income, and by political affiliation, said Chris Jackson, who heads up polling at Ipsos.

How many people are flying? Has traveled picked up?

Flying is starting to recover to levels the airline industry hasn’t seen in months. The Transportation Security Administration announced on Oct. 19 that it’s screened more than 1 million passengers on a single day — its highest number since March 17. The TSA also screened more than 6 million passengers last week, its highest weekly volume since the start of the COVID-19 pandemic. While travel is improving, the TSA announcement comes amid warnings that the U.S. is in the third wave of the coronavirus. There are now more than 8 million cases in the country, with more than 219,000 deaths.

How are Americans feeling about their finances?

Nearly half of all Americans would have trouble paying for an unexpected $250 bill and a third of Americans have less income than before the pandemic, according to the latest results of our Marketplace-Edison Poll. Also, 6 in 10 Americans think that race has at least some impact on an individual’s long-term financial situation, but Black respondents are much more likely to think that race has a big impact on a person’s long-term financial situation than white or Hispanic/Latinx respondents.

Find the rest of the poll results here, which cover how Americans have been faring financially about six months into the pandemic, race and equity within the workplace and some of the key issues Trump and Biden supporters are concerned about.

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