General World News

Forbearance numbers fall as borrower exits remain high

Servicers’ forbearance portfolio volume fell once again last week, as exits remained elevated compared to requests or re-entries. The total number of loans in forbearance dropped by eight basis points to 3.00% as of Sept. 12, according to the Mortgage Bankers Association (MBA).      

The most notable decline was in the portfolio loans and private-label securities (PLS) category, dipping by 32 basis points to 6.95%. 

Ginnie Mae loans in forbearance remained the same, at 3.39% of servicers‘ portfolio volume, after a decline of 24 bps in the prior week. Meanwhile, Fannie details ⇒

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