General World News

GSE forbearance rate declines to 1%

Servicers’ forbearance portfolio volume declined at a reduced pace this week, as mortgage holders continue to exit COVID-19 plans, according to the Mortgage Bankers Association (MBA).  

The total number of loans in forbearance decreased by seven basis points to 2.21% as of Oct. 17. In the previous week, the rate dropped 34 basis points to 2.28%.   

Last week, all categories showed declines. But Fannie Mae and Freddie Mac loans in forbearance achieved the 1% level for the first time since the beginning of the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com