MBA: Share of Mortgage Loans in Forbearance Drops to 0.49% in May
The total number of loans now in forbearance decreased to 0.49% for May from 0.51% of servicers’ portfolio volume in April, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.
FHFA: More Than 6.7M Troubled Homeowners Helped During Conservatorships
Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in the first quarter, the Federal Housing Finance Agency reported Friday.
Black Knight: Past-Due Mortgages Approach Record Lows, Serious Delinquencies Continue to Improve
Black Knight, Jacksonville, Fla., reported the national delinquency rate fell 11 basis points in May to 3.1%, the lowest level it’s hit other than a record of 2.92% in March.
U.S. Foreclosure Activity Spikes in May
Foreclosure filings--default notices, scheduled auctions or bank repossessions--increased 7% in May from April and 14% from a year ago, reported ATTOM, Irvine, Calif.
