MBA Loan Monitoring Survey: Mortgage Loans in Forbearance Fall to 1.67%

The Mortgage Bankers Association’s new monthly Loan Monitoring Survey reported loans now in forbearance decreased by 39 basis points to 1.67% of servicers’ portfolio volume as of November 30 from 2.06% in October. MBA estimates 835,000 homeowners remain in forbearance plans.

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.

The Week Ahead

Good morning and happy Monday! Here at MBA we are excited that the autumn edition MBA LIVE, the association’s virtual conference series, continues this week with the MBA Risk Management QA & Fraud Prevention Forum takes place online this Tuesday, Sept. 15 and Wednesday, Sept. 16.