MBA: Percentage Of Loans In Forbearance Dips Slightly

Photo Credit: Getty Images/designer491

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association shows that the total number of loans now in forbearance decreased by one basis point from 8.48% of servicers’ portfolio volume in the prior week, to 8.47%, an estimated 4.2 million homeowners that remain in forbearance plans.

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association shows that the total number of loans now in forbearance decreased by one basis point from 8.48% of servicers’ portfolio volume in the prior week, to 8.47%, an estimated 4.2 million homeowners that remain in forbearance plans.

However, the latest McDash Flash Forbearance Tracker from Black Knight claims a different trend. It says as of June 23, 4.68 million homeowners are in forbearance plans, representing 8.8% of all active mortgages, up from 8.7% last week. Combined, they represent just over $1 trillion in unpaid principal ($1,025B).

Click here to learn more about the dip in mortgages under forbearance.

This article originally appeared in the National Mortgage Professional print magazine.

 : 
Written by 
Eric C. Peck
No items found.
MBA: Percentage Of Loans In Forbearance Dips Slightly
Servicing

MBA: Percentage Of Loans In Forbearance Dips Slightly

June 30, 2020
by
Eric C. Peck

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association shows that the total number of loans now in forbearance decreased by one basis point from 8.48% of servicers’ portfolio volume in the prior week, to 8.47%, an estimated 4.2 million homeowners that remain in forbearance plans.

However, the latest McDash Flash Forbearance Tracker from Black Knight claims a different trend. It says as of June 23, 4.68 million homeowners are in forbearance plans, representing 8.8% of all active mortgages, up from 8.7% last week. Combined, they represent just over $1 trillion in unpaid principal ($1,025B).

Click here to learn more about the dip in mortgages under forbearance.

Written by 
Eric C. Peck

Eric C. Peck is senior editor of National Mortgage Professional magazine and editor-in-chief of the National Mortgage Professional Magazine website.

ericp@ambizmedia.com

These articles are powered by National Mortgage Professional

MBA: Percentage Of Loans In Forbearance Dips Slightly
June 30, 2020 9:33 AM
by
Eric C. Peck
Servicing

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association shows that the total number of loans now in forbearance decreased by one basis point from 8.48% of servicers’ portfolio volume in the prior week, to 8.47%, an estimated 4.2 million homeowners that remain in forbearance plans.

However, the latest McDash Flash Forbearance Tracker from Black Knight claims a different trend. It says as of June 23, 4.68 million homeowners are in forbearance plans, representing 8.8% of all active mortgages, up from 8.7% last week. Combined, they represent just over $1 trillion in unpaid principal ($1,025B).

Click here to learn more about the dip in mortgages under forbearance.

You might also be interested in: