General World News

Fannie and Freddie forbearance numbers dip again

Servicers’ forbearance portfolio volume fell yet again, this time dipping a single basis point to 3.47% from 3.48% last week, according to a survey from the Mortgage Bankers Association. 

According to MBA’s estimate, 1.74 million homeowners are still in forbearance plans.

The share of Fannie Mae and Freddie Mac loans in forbearance also decreased two basis points to 1.79%, and Ginnie Mae loans decreased five basis points to 4.30%. The share for portfolio loans and private-label securities (PLS) increased six basis points to 7.44%.

The percentage of loans in forbearance for independent mortgage bank (IMB) servicers decreased one basis point to 3.67%, and the details ⇒

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