Number Of Loans In Forbearance Dropped In August 2022 By 2 Basis Points

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In: Refinance News

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The Monthly Report for Monitoring of the Mortgage Bankers Association (MBA) shows that the total number of current and forbearance loans against 0.74% of the volume of the management portfolio in July fell to 0.72% of 32.1% on August 31. Continue Reading

Forbearance Moratorium Rises Homeownership Through Alternative Options

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In: New Home Mortgage News

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As the forbearance moratorium expires more homes are expected to hit the auction market thereby creating additional inventory in an otherwise tight supply market.  Provider of mortgage-tech-related services, ServiceLink, opened data from a recent survey showing that a majority ofContinue Reading

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

Mortgage Forbearance Program Extended Till July

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In: Mortgage News

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In March 2020 the CARES Act was passed with a financial relief package of $2.2 trillion focusing on providing federal support for those affected by the pandemic. A new program was included in the legislation that was designed to helpContinue Reading

Where Did The Forbearance Money Go?

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In: Realtor News

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Forbearance under the CARES Act has been the biggest lifelines for homeowners during the pandemic, which left them with some cash for emergencies. According to the results of a survey by Credit Karma many people who went into forbearance still remained stressedContinue Reading

Loans In Forbearance Decreases By 3 Basic Points

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In: Refinance News

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Last updated on April 1st, 2022 at 04:41 pmAs of February 28, 2021, the total number of loans now in forbearance is 5.20% showcasing a drop by 3 basis points from 5.23% of servicers’ portfolio volume in the prior weekContinue 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

CARES Act Still Providing Mortgage Relief For Those Struggling To Make Payments

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In: Mortgage News, Refinance News

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Thousands of families are dealing with new hardships during the pandemic, right from having the trouble to put food on the table, to the fear of losing their home COVID-19 has created turbulence in millions of lives.  But to alleviateContinue Reading