The number of mortgages in active forbearance rose by 15,000 in the last week of 2020, according to a report on Friday from Black Knight. Though the raw number increased for the third consecutive week, the number of mortgages in active forbearance remained at 5.3%, unchanged from the two prior weeks.

Last week’s uptick was largely driven by the share of Federal Housing Administration and Veterans Administration‘s loans in forbearance rising some 11,000 from 9.5% to 9.6%.

Loans in forbearance as a share of private label securities or banks’ portfolios also gained by 4,000 and rose 10 basis points to 5.4%.

While the share details ⇒

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