The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey reveals that the total number of loans now in forbearance decreased by 24 basis points from 4.9% of servicers’ portfolio volume in the prior week to 4.66% as of April 4.
That equates to approximately 2.3 million homeowners in forbearance plans.
The share of Fannie Mae and Freddie Mac loans in forbearance decreased to 2.52% – a 20-basis-point improvement. Ginnie Mae loans in