Wednesday 29 April 2020

TRD Insights: Mortgage forbearances keep climbing

The number of mortgages in forbearance continues to rise, jumping more than 1 percentage point last week, according to data from the Mortgage Bankers Association. And that figure is likely to keep rising, according to MBA, which represents the real estate finance industry. MBA’s data represents 77 percent of the first-mortgage servicing market, or 38.3 million loans. As of April 19, 6.99 percent of mortgage servicers’ loans were in forbearance, an agreement made between lenders



source https://therealdeal.com/2020/04/29/trd-insights-mortgage-forbearances-keep-climbing/

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