MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.93%"

Note: This is as of September 13th. From the MBA: Share of Mortgage Loans in Forbearance Declines to 6.93% 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 7.01% of servicers' portfolio volume in the prior week to 6.93% as of September 13, 2020 . According to MBA's estimate, 3.5 million homeowners are in forbearance plans . ... "The share of loans in forbearance has dropped to its lowest level in five months, driven by a consistent decline in the GSE share in......(read more)

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