MBA: February Share of Mortgage Loans in Forbearance Decreases to 0.60%

The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 4 basis points tp 0.60% of servicers’ portfolio volume as of February 28 from 0.64% in January. MBA estimates 300,000 homeowners are in forbearance plans.

MBA: February Share of Mortgage Loans in Forbearance Decreases to 0.60%

The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance decreased by 4 basis points tp 0.60% of servicers’ portfolio volume as of February 28 from 0.64% in January. MBA estimates 300,000 homeowners are in forbearance plans.

Mortgage Performance Remains ‘Exceptionally Healthy’

Reports from CoreLogic, Irvine, Calif., and Black Knight, Jacksonville, Fla., as well as last Monday’s Loan Monitoring Report from the Mortgage Bankers Association, show mortgage performance in the post-pandemic era remains strong and healthy.