MBA Survey: "Share of Mortgage Loans in Forbearance Declines to 6.87%"

Note: This is as of September 20th. From the MBA: Share of Mortgage Loans in Forbearance Declines to 6.87% 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 6.93% of servicers' portfolio volume in the prior week to 6.87% as of September 20, 2020 . According to MBA's estimate, 3.4 million homeowners are in forbearance plans . ... "The share of loans in forbearance continues to decline and is now at a level not seen since mid-April. Many homeowners with GSE loans are......(read more)

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