Number Of Borrowers In Forbearance Decline

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The number of mortgages in forbearance increased in the second to last week of June. However, Black Knight reported a decline in the mortgage forbearances last week.

Navi Persaud
 & 
July 6, 2020

The number of mortgages in forbearance increased in the second to last week of June. However, Black Knight reported a decline in the mortgage forbearances last week. Prior to the previous increase, forbearances saw a three-week period of declines and now look to be back on that course.

The number of active forbearance plans dipped by 104,000 from the previous week: reportedly the lowest weekly total since the first week of May. Black Knight believes this decrease may have occurred as more than half of the active plans, originally set up with a 90-day forbearance, were set to expire in June.

Click here to learn more about the decline in mortgages in forbearance.

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

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

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Number Of Borrowers In Forbearance Decline
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Number Of Borrowers In Forbearance Decline

July 6, 2020
by
Navi Persaud

The number of mortgages in forbearance increased in the second to last week of June. However, Black Knight reported a decline in the mortgage forbearances last week. Prior to the previous increase, forbearances saw a three-week period of declines and now look to be back on that course.

The number of active forbearance plans dipped by 104,000 from the previous week: reportedly the lowest weekly total since the first week of May. Black Knight believes this decrease may have occurred as more than half of the active plans, originally set up with a 90-day forbearance, were set to expire in June.

Click here to learn more about the decline in mortgages in forbearance.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com

These articles are powered by National Mortgage Professional

The number of mortgages in forbearance increased in the second to last week of June. However, Black Knight reported a decline in the mortgage forbearances last week. Prior to the previous increase, forbearances saw a three-week period of declines and now look to be back on that course.

The number of active forbearance plans dipped by 104,000 from the previous week: reportedly the lowest weekly total since the first week of May. Black Knight believes this decrease may have occurred as more than half of the active plans, originally set up with a 90-day forbearance, were set to expire in June.

Click here to learn more about the decline in mortgages in forbearance.

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