MBA Survey: "Share of Mortgage Loans in Forbearance Decreases for Sixth Straight Week to 7.74%" 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 Sixth Straight Week to 7.74% The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 6 basis points from 7.80% of servicers' portfolio volume in the prior week to 7.74% as of July 19, 2020. According to MBA's estimate, 3.9 million homeowners are in forbearance plans . ... "The share of loans in......(read more)

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