Forbearance Update: How the Trends Are Changing


The total number of loans now in forbearance reached 7.16% of servicers' portfolio volume for the week ending August 30, down slightly from the 7.20% level recorded one week earlier, according to the latest Mortgage Bankers Association (MBA) Forbearance and Call Volume Survey.

The new survey determined that 3.6 million homeowners are now in forbearance plans. Progress continued to be made on the government-sponsored enterprise front, with the share of Fannie Mae and Freddie Mac loans in forbearance falling for the 13th consecutive week in a row to 4.80%, an 8-basis-point decline, while the forbearance share for portfolio loans and private-label securities (PLS) took a 1 basis point dip to 10.43% and the share of loans in forbearance for depository servicers tumbled 9 basis points to 7.40%.,

As published in Daily Dose, Continue reading
Author Phil Hall
Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

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