Wednesday , 6 January 2021

New Forbearance Requests, Re-entries Lead to Overall Increase

Total loans in forbearance during the week ending November 22 increased 6 basis points relative to the prior week—from 5.48% to 5.54%, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey published Tuesday. The MBA estimates 2.8 million homeowners are in forbearance plans. The increase was across all loan and servicer types, …

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