General World News

Forbearance volume dips down to 4.5%

Servicers’ total number of loans in forbearance dropped for the seventh week in a row, down another 16 basis points last week to 4.5% of portfolio volume, according to the Mortgage Bankers Association. Following the massive decline the week prior, the share of loans in forbearance has dropped a total of 40 basis points in the last two weeks.

Portfolio loans and private-label securities took the lion’s share of last week’s dip after falling 31 basis points to 8.34%. Ginnie Mae loans dropped off 17 basis points to 6.16%, while the share of details ⇒

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