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Black Knight: 2020 ends with 2.8 million in forbearance

The number of mortgages in active forbearance rose by 20,000 last week, according to a Friday report from Black Knight. Though the raw number increased, the number of mortgages in active forbearance remained at 5.3%, unchanged from the week prior.

Heading in to the last week of the year, Black Knight estimates 2.8 million homeowners are in some form of forbearance – accounting for $565 billion in unpaid principle.

Last week’s uptick was largely driven by the share of loans in forbearance rising from 5.2% to 5.3% (17,000 overall) in private label securities or details ⇒

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