Forbearance numbers drop as servicers prepare for exits

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In: Refinance News

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COVID-related forbearances declined faintly in the final week of August, as the industry gets ready to deal with several hundred thousand plans that are slated to expire in September. The amount of forborne homeowners dropped by 53,000, according to dataContinue Reading

Latest Update On Forbearance

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In: Refinance News

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In a well-established mid-month trend, the active forbearance plans climbed up by 11,000 after declining for a fortnight. According to Black Knight’s latest report data, the overall increase of 11,000 was because of rising in plans among portfolio/PLS loans byContinue Reading

Mortgage Loans In Forbearance Drops To 3.5%

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In: Mortgage News

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This week the Mortgage Bankers Association’s latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 3.76% to 3.50% in a week’s time.  1.75 million homeowners are inContinue Reading

While The Mortgage Forbearance Is Ending Are You Equipped?

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In: Mortgage News

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Last updated on May 31st, 2021 at 08:51 amTo pause or reduce their mortgage payments, millions of homeowners have taken the help of forbearance. It is high time to decide the next step as your forbearance period is ending. IfContinue Reading

New Report Shows 18% Drop Forbearance Mortgages

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:42 amThe active forbearance mortgage program saw 18% of its pandemic-related members struggling with paying their home mortgages leave the program, which is 649K mortgages overall.  As of October 6th, 2.97 million mortgages in theContinue Reading

Drop-in Mortgage Forbearance Numbers For The First Time Since COVID-19 Begun

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In: Mortgage News

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Last updated on February 22nd, 2021 at 05:09 pmAfter a sharp rise in April and flattening toward the end of May, the number of borrowers in both government and private label mortgage forbearance programs has dropped by 34,000.  This isContinue Reading

Early May Sees Rise in Mortgage Forbearance by 7.9 Percent Across the Country

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In: Mortgage News

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Last updated on December 30th, 2020 at 10:23 amAccording to the Mortgage Bankers Association‘s latest Forbearance and Call Volume Survey, the entire number of U.S. loans now in forbearance increased from 7.54% of servicers’ portfolio volume within the prior week toContinue Reading