Saturday , 23 January 2021

Extensions Account for Most Forbearance Activity

The Mortgage Bankers Association’s (MBA) reported this week that the number of loans in forbearance dropped last week, marking the 11th week in a row of decreases. MBA estimates that as of November 8 2.7 million homeowners are in active mortgage-loan forbearance. The overall rate of loan forbearances decreased last week from 5.67% of all …

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