Mortgage Bankers to End Weekly Forbearance Survey as Numbers Drop
National Mortgage Nov. 8, 2021–Bonnie Sinnock
Loans with pandemic-related payment suspensions are close to falling below 1 million, down from a peak of 4.3 million in June 2020, according to the Mortgage Bankers Association. The latest report, which is current as of Oct. 31, will be followed by the discontinuation of the group’s weekly forbearance survey. The trade group will replace it with a monthly loan performance measure starting in December.