The share of loans in forbearance fell six basis points during the final week of March to 4.9% of servicers’ portfolio volume, according to recent data from the Mortgage Bankers Association. New forbearance requests also dropped to their lowest level since March, 2020 as forbearance volume fell across the board for every investor type.
Fannie Mae and Freddie Mac once again claimed the smallest share of loans in forbearance at 2.72% – a five bps improvement. Ginnie Mae loans in forbearance also dropped five bps to 6.78%, while the forbearance share for portfolio loans and private-label securities details ⇒
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