By David Pendered

Gambling in the stock market and paying off higher-interest loans is the way some homeowners may be using the mortgage payments they’ve not had to pay during the pandemic, according to a report released Thursday by the Atlanta Fed.

Wall Street bull

Stock market investments are one place some homeowners are thought to be placing money they’re no longer paying on their monthly mortgages, for which they’ve received forbearance under the federal CARES ACT, according to a July 2 report from the Atlanta Fed. Credit: By herval – The Wall Street Bull, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=91768924

These borrowers are: “essentially using the CARES Act forbearances as a government sponsored debt consolidation program [and] advantaging

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