General World News

Forbearance loans decrease for 18th straight week

For the 18th straight week, servicers’ forbearance portfolio volume fell. It dropped four basis points to 3.87% last week, according to a survey from the Mortgage Bankers Association. 

The MBA estimates 1.9 million homeowners are still in some form of a forbearance plan.

The share of Fannie Mae and Freddie Mac loans in forbearance also decreased three basis points to 1.99%, and Ginnie Mae loans decreased three basis points to 5.10%. The forbearance share for portfolio loans and private-label securities (PLS) decreased five basis points to 7.92%.

This is the first time since March that both Fannie Mae and Freddie Mac loans in forbearance dropped below details ⇒

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