MBA Survey: "Share of Mortgage Loans in Forbearance Decreases for the Ninth Straight Week to 7.21%"

Note: This is as of August 9th. From the MBA: Share of Mortgage Loans in Forbearance Decreases for the Ninth Straight Week to 7.21% he Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 23 basis points from 7.44% of servicers' portfolio volume in the prior week to 7.21% as of August 9, 2020. According to MBA's estimate, 3.6 million homeowners are in forbearance plans . ... "More homeowners exited forbearance last week, leading to the ninth straight drop in the share of loans in forbearance.......(read more)

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