MBA Survey: "Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%" of Portfolio Volume

Note: To put these numbers in perspective, the MBA notes "For the week of March 2, only 0.25% of all loans were in forbearance." From the MBA: Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39% The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 8 basis points from 8.47% of servicers' portfolio volume in the prior week to 8.39% as of June 28, 2020 . According to MBA's estimate, almost 4.2 million homeowners are in forbearance plans . ... "We learned last week......(read more)

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