MBA Chart of the Week: Performance of Post-Forbearance Loan Workouts

According to MBA’s Monthly Loan Monitoring Survey, the share of loans in forbearance dropped slightly to 0.81 percent of servicers’ portfolio volume as of June 30, from 0.85 percent the prior month. Only about 404,000 homeowners are still in forbearance plans, after reaching a peak of nearly 4.3 million homeowners in May 2020.

MBA: Share of Mortgage Loans in Forbearance Drops to 1.18%

The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans now in forbearance decreased by 12 basis points to 1.18% of servicers’ portfolio volume as of Feb. 28 from 1.30% in January. MBA estimates 590,000 homeowners are in forbearance plans.

MBA Chart of the Week Dec. 23 2021: Percent of Current Loans

According to the MBA Monthly Loan Monitoring Survey, the share of loans in forbearance dropped to 1.67 percent of servicers’ portfolio volume as of November 30, after climbing to a monthly peak of 8.53 percent as of May 31, 2020. As many borrowers have moved out of forbearance and into permanent loan workout solutions since 2020, the question becomes: How are they faring?

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.