Slight Dip for Mortgage Forbearance Is ‘Typical,’ Says MBA

RISMedia, July 27, 2021
Mortgage forbearance rates decreased by 2 basis points from 3.50% of servicers’ portfolio volume in the prior week to 3.48%, as of July 18, 2021, according to the Mortgage Bankers Association’s latest Forbearance and Call Volume Survey. MBA estimates there are currently 1.74 million homeowners in forbearance plans.