Share of Mortgage Loans in Forbearance Decreases to 3.50%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 26 basis points to 3.50% of servicers’ portfolio volume as of July 11–the twentieth consecutive weekly decline.

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“Forbearance exits edged up again last week and new forbearance requests dropped to their lowest level since last March, leading to the largest weekly drop in the forbearance share since last October and the 20th consecutive week of declines.” –Mike Fratantoni, MBA Senior Vice President and Chief Economist.

Share of Mortgage Loans in Forbearance Decreases to 3.76%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 11 basis points to 3.76% of servicers’ portfolio volume as of July 4 from 3.87% the week before,–the 19th consecutive weekly decline. MBA estimates 1.9 million homeowners are in forbearance plans.

Share of Mortgage Loans in Forbearance Decreases to 4.04%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines. MBA estimates 2 million homeowners are in forbearance plans.

MBA: Loans in Forbearance Fall 10th Straight Week

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 11 basis points to 4.36% of servicers’ portfolio volume as of May 2 from 4.47% the prior week–the 10th consecutive week of declines. MBA estimates 2.2 million homeowners are in forbearance plans.