Loan delinquencies (Image: Shutterstock).

The widespread use of loan forbearance programs has obscured loan quality, but some analysts have been seeing troubling signs among fresh delinquencies.

As the number of loans in forbearance dwindles, jobless claims and unemployment have remained at a record high. Another factor making trends difficult to read was the help millions of Americans received from the $600-a-week in federal unemployment benefits that expired at the end of July.

Jim DuPlessis

A journalist for decades.

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