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

Future Of Homeowners While Forbearance Programs Coming To End

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In: Mortgage News

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The nation’s mortgage servicers are getting ready for the biggest wave of delinquent loans and saying that they are ready, unlike the subprime mortgage crisis. The first set of borrowers who had entered the government’s coronavirus mortgage bailout program areContinue 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

After facing losses due to forbearance Fannie Mae and Freddie Mac Third-Quarter Earnings Rise

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:57 amFannie Mae and Freddie Mac, the Federally backed mortgage giants reported improved earnings in the third quarter, as record-low interest rates powered a refinancing boom that stimulated this result. The earnings are the latestContinue 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

Struggling Homeowners Still Have The Option Mortgage Forbearance

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In: Mortgage News

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Last updated on February 3rd, 2021 at 11:10 amWith millions of Americans unemployed and unable to pay their mortgages, new guidance on mortgage loan relief and low-interest-rate financing have been worked on by Boston based American Consumer Credit Counseling.  The initialContinue Reading

Mortgage Forbearances Fell 23 Points again this week too!

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In: Mortgage News

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Last updated on February 2nd, 2021 at 06:18 pmAccording to the Mortgage Bankers Association, the mortgage forbearance has dropped by 23 basis points in the 1st week of August. This is the 9th week in a row that the rate hasContinue 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