Black Knight: Forbearances Now Account For $1 Trillion-Plus In Unpaid Principal
News

Black Knight: Forbearances Now Account For $1 Trillion-Plus In Unpaid Principal

May 22, 2020
by
Navi Persaud

Data released by Black Knight has revealed that COVID-19-related mortgage forbearances have now hit the 4.75 million mark, despite nearly half of these borrowers making April mortgage payments. This marks a modest increase from last week's 4.7 million homeowners in forbearance. The report also revealed that 4.75 million loans in forbearance represent 9% of all active mortgages, and account for a little over $1 trillion in unpaid principal.

Read more about mortgage forbearance activity.

Written by 
Navi Persaud

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

npersaud@ambizmedia.com
Black Knight: Forbearances Now Account For $1 Trillion-Plus In Unpaid Principal
May 22, 2020 10:51 AM
by
Navi Persaud
News

Data released by Black Knight has revealed that COVID-19-related mortgage forbearances have now hit the 4.75 million mark, despite nearly half of these borrowers making April mortgage payments. This marks a modest increase from last week's 4.7 million homeowners in forbearance. The report also revealed that 4.75 million loans in forbearance represent 9% of all active mortgages, and account for a little over $1 trillion in unpaid principal.

Read more about mortgage forbearance activity.

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