1.4 Million U.S. Homeowners in Mortgage Forbearance in September
World Property Journal, Oct. 5, 2021–Monsef Rachid
Based on the Mortgage Bankers Association’s latest Forbearance and Call Volume Survey Report, the total number of loans now in forbearance decreased by 7 basis points from 2.96% of servicers’ portfolio volume in the prior week to 2.89% as of September 26, 2021. According to MBA’s estimate, 1.4 million homeowners are in forbearance plans.