General World News

Forbearance numbers fall, delinquency rates rise

Once again, servicers’ forbearance portfolio volume fell — this time dipping seven basis points to 3.40% for the week ending Aug. 1, according to a survey from the Mortgage Bankers Association. 

Per MBA’s estimate, 1.7 million homeowners are still in forbearance plans.

The share of Fannie Mae and Freddie Mac loans in forbearance also decreased, falling five basis points to 1.74%, and Ginnie Mae loans decreased 12 basis points to 4.18%. The share for portfolio loans and private-label securities (PLS), which increased six basis points last week, fell seven basis points in the most recent study to 7.37%.

The percentage of loans in forbearance details ⇒

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