A slowdown in exits pushes forbearance volume up
After one month of steady declines, servicers’ forbearance portfolio volume rose one basis point last week to 5.23%, according to data released Monday by the Mortgage…
Category: Mike Fratantoni
MBA: Loans in Forbearance Drop for Third Consecutive Week
The Mortgage Bankers Association (MBA) has reported that the total number of loans currently in forbearance decreased by seven basis points from 5.29% of servicers’…
Loans in Forbearance Drop for Third Consecutive Week
With 2.6 million U.S. homeowners now in forbearance plans, a new report shows a continued slide as new forbearances drop to a survey low. The…
Forbearances fall for third week in a row, to 5.22%
The total number of mortgages in forbearance declined seven basis points to 5.22% in the week ending Feb. 14, according to the latest estimate from the Mortgage Bankers…
Forbearance rate slowly descends to 5.35%
The U.S forbearance rate is falling, though not as quickly as it once was. Data released on Monday by the Mortgage Bankers Association showed that…
Unemployment situation slows with pandemic uncertainty
Another month of rising COVID-19 cases left the U.S. unemployment situation virtually unchanged for the third month in a row, dropping just .4% to 6.3%…
Forbearance rate left unchanged as exits slow
The U.S. forbearance rate was flat again last week at 5.38%, as a rise in portfolio loan and private label security forbearances offset declines for…