General World News

Forbearance re-entries making life difficult for servicers

Servicers’ forbearance portfolio volumes managed to drop one basis point last week to 4.18%, the 13th consecutive week of declines. However, some unfortunate trends are beginning to crystalize.

Despite declines for nearly every investor type, last week’s positive numbers were offset by an 11 basis point jump in forbearance share for portfolio loans and private label securities, according to the latest data from the Mortgage Bankers Association.

On top of that, forbearance re-entries increased to almost 5.6%, as more homeowners who previously canceled their mortgage postponement plans sought assistance once again.

Of the cumulative exits for the details ⇒

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