The share of home loans in forbearance grew last week, a situation that could worsen as millions file for unemployment. Mortgages in forbearance plans made up 7.54 percent of servicers’ portfolios last week, according to figures released Monday by the Mortgage Bankers Association. That was up from 6.99 percent the week earlier and 5.95 percent for the week ending April 12. Mike Fratantoni, MBA’s chief economist, said the pace of new requests slowed but noted
source https://therealdeal.com/2020/05/04/more-than-7-5-of-home-loans-in-forbearance-mba/
No comments:
Post a Comment