Debt Purchasers Set to Benefit from Consumer Delinquencies: Fitch

HousingWIre, Oct. 19, 2022–Joe Burns
U.S. debt purchasers are positioned to benefit from rising delinquencies due to improvement in portfolio supply from an increase in non-performing loan sales, according to a recent report from Fitch Ratings. In terms of mortgage risk, the forbearance rate in September decreased three basis points from the previous month to 0.69% of the servicers’ total portfolio volume, according to the Mortgage Bankers Association. As of Sep. 30, 345,000 homeowners were in forbearance plans, down from 360,000 at the end of August.
https://www.housingwire.com/articles/debt-purchasers-set-to-benefit-from-consumer-delinquencies-fitch/