General World News

Servicer call volume up as borrowers exit forbearance

After a slight lull, forbearance numbers across the board have started to lurch downwards, with the total number of loans dropping by 15 basis points to 3.08% as of Sept. 5, according to the Mortgage Bankers Association‘s latest survey.

The portfolio loans and private-label securities (PLS) category, which has remained stubbornly high, saw the most notable decline last week, dipping by 25 bps to 7.27%, the report said.

Meanwhile, in the race for who can get to the bottom first, Ginnie Mae loans fell by 24 bps to 3.39%, while Fannie Mae and Freddie Mac loans declined by details ⇒

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