More Than 3.8 Million Seeking Mortgage Payment Relief
News

More Than 3.8 Million Seeking Mortgage Payment Relief

May 1, 2020
by
Navi Persaud

According to the latest McDash Flash Forbearance Tracker from Black Knight, nearly 7.3% of U.S. mortgages have entered mortgage forbearance plans in April, that's more than 3.8 million borrowers who are unemployed as a result of the COVID-19 pandemic. Together, they account for $841 billion in unpaid principal and includes 6.1% of all GSE-backed loans and 10.5% of all FHA/VA loans.

Read more about the number of loans in forbearance.

Written by 
Navi Persaud

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

npersaud@ambizmedia.com
More Than 3.8 Million Seeking Mortgage Payment Relief
May 1, 2020 11:21 AM
by
Navi Persaud
News

According to the latest McDash Flash Forbearance Tracker from Black Knight, nearly 7.3% of U.S. mortgages have entered mortgage forbearance plans in April, that's more than 3.8 million borrowers who are unemployed as a result of the COVID-19 pandemic. Together, they account for $841 billion in unpaid principal and includes 6.1% of all GSE-backed loans and 10.5% of all FHA/VA loans.

Read more about the number of loans in forbearance.

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