Strong Job Growth an Indicator Forbearance Rates Will Decrease

RISMedia, Aug. 10, 2021
The total number of loans now in forbearance decreased by 7 basis points from 3.47% of servicers’ portfolio volume in the prior week to 3.40% as of Aug. 1, 2021, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. The MBA estimates there are 1.7 million homeowners who are currently in forbearance plans.