Nearly 4% Of All Mortgage Loans Now In Forbearance
Forbes, Apr. 13, 2020–Aly J. Yale
Loans serviced by independent mortgage banks are seeing the highest share of loans in forbearance at 4.17%. According to Mike Fratantoni, senior vice president and chief economist at the Mortgage Bankers Association, it’s just further proof that the current health crisis has put American households through the wringer.