MBA: Share of Mortgage Loans in Forbearance Increases to 7.54%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased from 6.99% of servicers’ portfolio volume in the prior week to 7.54% as of April 26. According to MBA’s estimate, 3.8 million homeowners are now in forbearance plans.

MBA: Share of Mortgage Loans in Forbearance Increases to 7.54%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased from 6.99% of servicers’ portfolio volume in the prior week to 7.54% as of April 26. According to MBA’s estimate, 3.80 million homeowners are now in forbearance plans.

MBA: Share of Mortgage Loans in Forbearance Increases to 7.54%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed the number of loans now in forbearance increased from 6.99% of servicers’ portfolio volume in the prior week to 7.54% as of April 26. According to MBA’s estimate, a total of 3.80 million homeowners are now in forbearance plans.

1st Quarter GDP Takes a Hit—And It Will Probably Get Worse

The Bureau of Economic Analysis yesterday reported its first (advance) estimate of first quarter gross domestic product saw the U.S. economy contract by nearly 5 percent as the effects of the coronavirus pandemic kicked in.