Share of Mortgage Loans in Forbearance Drops to 2.15%

Loans in forbearance fell to a new post-pandemic low, with the share of Fannie Mae/Freddie Mac loans in forbearance falling under 1%, the Mortgage Bankers Association reported Monday.

Share of Mortgage Loans in Forbearance Decreases to 2.21%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 2.21% of servicers’ portfolio volume as of October 17 from 2.28% the week before. MBA estimates 1.1 million homeowners are in forbearance plans.

Share of Mortgage Loans in Forbearance Decreases to 2.21%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 7 basis points to 2.21% of servicers’ portfolio volume as of October 17 from 2.28% the week before. MBA estimates 1.1 million homeowners are in forbearance plans.