After three consecutive weeks of increases, the number of mortgage loans in active forbearance fell by 92,000 the first week of 2021, according to a Friday report from Black Knight. This was a 3% drop and the greatest week-over-week decline since early November, largely driven by quarterly forbearance plans reaching their expiration.

Black Knight now estimates 5.2% of all mortgages, and 2.74 million homeowners, are in some form of forbearance – accounting for $547 billion in unpaid principle.

Overall, forbearances fell in every investor class, though Federal Housing Administration and Veterans Administration loans in forbearance once again took the largest share (9.3%) details ⇒

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