Mortgage Forbearance

Share of Mortgages in Forbearance Dropped During Second Week of January

The share of residential mortgages in forbearance decreased to 5.37% of servicers’ portfolio volume as of January 10, down from 5.46% in the prior week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. Roughly 2.7 million homeowners remain in forbearance plans, the MBA estimates. The share of Fannie Mae and Freddie Mac loans in forbearance decreased …

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Share of Mortgages in Forbearance Fell Despite Increase in New Requests

After increasing for two straight weeks, the share of mortgages in COVID-19-related forbearance plans fell to 5.48% of servicers’ portfolio volume during the week ended Dec. 6, down from 5.54% the previous week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. Roughly 2.7 million homeowners are in forbearance plans, the MBA estimates. However, the MBA notes …

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Share of Mortgages in Forbearance Increased for Second Straight Week

The share of mortgage loans in COVID-19-related forbearance plans increased for a second straight week during the week ended Nov. 22, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey. As of last week, roughly 5.54% of loans in mortgage servicers’ portfolios were in forbearance, up six basis points from 5.48% the previous week. The MBA estimates …

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Mortgage Forbearance Pandemic Trends—Six Things to Know

The mortgage forbearance option in the March 2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act  offered relief to millions of homeowners during the COVID-19 pandemic. The 33.4 million with federally backed mortgages can request from their servicers a forbearance plan (with far less documentation of financial hardship than is usually required) allowing them to delay their mortgage payments for up to 180 days, with another 180-day extension available after the first forbearance … The post Mortgage Forbearance …

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