The total number of loans in forbearance managed to fall three basis points last week to 4.22% of servicers’ portfolio volume, according to a report from the Mortgage Bankers Association. A drop-off in the number of exits did mark a slower decline than in recent weeks, however, Monday’s data still marks three consecutive months of downward trend for forbearance volume.

Fannie Mae and Freddie Mac continued to boast the smallest share of loans in forbearance, down three basis points last week to 2.21% or their portfolio volume. Ginnie Mae loans also fell two basis points to 5.59%, details ⇒

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