"Half of the servicers in our sample saw the forbearance share decline for at least one investor category. Although there continues to be layoffs, the job market does appear to be improving, and this is likely leading to many borrowers in forbearance deciding to opt out of their plan.” --Mike Fratantoni, MBA Senior Vice President and Chief Economist.

The Federal Housing Finance Agency, citing “recent market events,” announced it will re-propose updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.