Forbearance Rates are Going Down, But for How Much Longer?

Mortgage Professional America, Nov. 17, 2020–David Kitai
While a declining forbearance rate is good news for the US economy, that doesn’t mean these remaining borrowers are all in the clear. Marina Walsh, vice president of industry analysis research and economics at MBA, explained why that last 5% may prove slower to emerge from forbearance. She highlighted, too, why IMBs seem to be carrying a higher forbearance rate than the big banks.