General World News

Servicers’ forbearance volume steadily falling

Servicers’ forbearance portfolio volumes decreased again last week, falling two basis points to 4.16%, according to a survey from the Mortgage Bankers Association.

Despite May 30 marking the 14th consecutive week of overall declines, a nearly equal number of forbearance exits and re-entries have left forbearance portfolio volumes essentially unaltered.

Broken down by investor types, the share of Fannie Mae and Freddie Mac loans in forbearance decreased one basis point to 2.18%, while Ginnie Mae loans in forbearance also dropped one basis point to 5.54%. The forbearance share for portfolio loans and private-label securities (PLS) witnessed the details ⇒

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