General World News

Fannie & Freddie forbearances drop to 1.81%

Another week, another drop in forbearance volume.

Servicers’ forbearance portfolio volume fell two basis points to 3.48% from 3.50% last week, according to a survey from the Mortgage Bankers Association. 

Approximately 1.74 million homeowners are in forbearance plans, the MBA reported.

The share of Fannie Mae and Freddie Mac loans in forbearance also decreased two basis points to 1.81%, and Ginnie Mae loans decreased one basis point to 4.35%. The share for portfolio loans and private-label securities (PLS) increased five basis points to 7.38%.

Fannie and Freddie loans in forbearance have now stayed below 2% for several consecutive weeks, noted Mike Fratantoni, MBA’s senior vice details ⇒

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