Monday, 1 June 2020

TRD INSIGHTS: 8.5% of home loans are in forbearance

Forbearance requests appear to be leveling off, according to weekly figures released by the Mortgage Bankers Association. Mortgages in forbearance made up 8.5 percent of servicers’ portfolios for the week, up from 8.4 percent for the week ending May 24 and from 8.2 percent for the week before. That means roughly 4.2 million homeowners are now in forbearance. The pace of new forbearance requests has declined for the last several weeks, and the last week



source https://therealdeal.com/2020/06/01/trd-insights-8-5-of-home-loans-are-in-forbearance/

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