MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 7.01%", Forbearance Requests Increase

Note: This is as of September 6th. From the MBA: Share of Mortgage Loans in Forbearance Declines to 7.01% The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 15 basis points from 7.16% of servicers' portfolio volume in the prior week to 7.01% as of September 6, 2020 . According to MBA's estimate, 3.5 million homeowners are in forbearance plans . ... "The beginning of September brought another drop in the share of loans in forbearance, with declines in both GSE and Ginnie Mae forbearance......(read more)

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