Forbearances dip for fifth straight week to 4.9%
The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent…
Category: forbearance extension
CFPB proposes foreclosure ban until 2022
The Consumer Financial Protection Bureau released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period…
Forbearance falls below 5% for the first time in a year
The U.S. forbearance rate is officially below 5% for the first time in a year. Servicers’ forbearance portfolio volume fell nine basis points last week to…
Steady exits push forbearance volume down to 5.05%
With just more than a week away from the one-year anniversary of the CARES Act, new forbearance requests dropped to their lowest level since March…
Policy on Single-family Mortgages in Forbearance Receives Extension
The Federal Housing Finance Agency (FHFA) has announced a one-month extension of its temporary policy of allowing the purchase of certain single-family mortgages in forbearance…
