Freddie Mac forbearance

Mortgage Forbearance Rate Only Rises 3% From a Week Ago, But Second Wave Could Be Coming

Maybe there’s some good news out there, or maybe it’s just the calm before another storm. The mortgage forbearance rate barely budged during the week ending May 10th, per the latest installment of the Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA). The group said the total number of loans in forbearance [&hellip

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Nearly 4 Million Homeowners Now in Mortgage Forbearance Plans, Servicers May Get $500 Payments

The mortgage forbearance rate worsened yet again compared to last week, though as expected the increase has slowed as the pool of borrowers grows larger. As of April 26th, some 3.8 million homeowners were in forbearance plans, per the Mortgage Bankers Association’s (MBA’s) most recent Forbearance and Call Volume Survey. The forbearance rate increased from [&hellip

The post Nearly 4 Million Homeowners Now in Mortgage Forbearance Plans, Servicers May Get 0 Payments first appeared on The Truth About Mortgage.

FHFA extends forbearance period to 18 months

In an effort to protect homeowners, the FHFA extended forbearance coverage to 18 months and pushed the eviction and foreclosure moratorium to June 30.

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Forbearances fall for third week in a row, to 5.22%

The total number of mortgages in forbearance declined seven basis points to 5.22%, according to the latest estimate from the Mortgage Bankers Association.

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Forbearances Fall Below 2.7M for First Time Since April: Black Knight

According to Black Knight’s McDash Flash Forbearance Tracker, the number of mortgages in active forbearance fell again this week, dropping 48,000 (-1.6%) from

Forbearance rate slowly descends to 5.35%

Monday data from the Mortgage Bankers Association reported the share of servicers’ portfolio volume in forbearance fell 3 basis points to 5.35% last week.

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Forbearances hold steady as exits slow

The U.S. forbearance rate held relatively steady last week, rising one basis point to 5.38% of servicers’ portfolio volume, according to the MBA.

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Mortgage forbearance rate continues to drop

The U.S. forbearance rate fell nine basis points last week to 5.37% of servicers’ portfolio volume, according to a survey from the MBA.

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