General World News

Loans in forbearance flat ahead of CFPB regulations

The number of loans in forbearance stood unchanged from last week at 3.25% for the week ending on Aug. 22.

According to the latest report from the Mortgage Bankers Association, 1.6 million homeowners are in forbearance plans.

The share of Fannie Mae and Freddie Mac loans in forbearance remained the same, at 1.66%. The share of Ginnie Mae loans with paused payments also saw no change at 3.92%, but the share of portfolio loans and private-label securities in forbearance increased slightly from 7.15% to 7.18%.

The share of independent mortgage bank loans in forbearance rose 2 basis points to 3.50%, and for depository details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com