Ginnie Mae: Forbearance Levels Remain Low

Report reveals delinquencies have returned to pre-crisis levels. Most homeowners in forbearance cite financial problems linked to the COVID-19 pandemic. Forbearance numbers for federal home loan programs remained low during August, according to the latest GNM Mortgage Credit Monthly Report published by Recursion. In the current state of the Ginnie Mae portfolio, 14.23% of mortgages …

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