Nearly Half of Homeowners in Forbearance Made April Mortgage Payments

Manley Deas Kochalski    May 22, 2020

The latest data from Black Knight shows that as of May 19, 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans.  This represents a little over $1 trillion in unpaid principal balances. An estimated 7.1% of all GSE-backed loans and 12.6% of FHA/VA mortgages are now in forbearance.

In addition, of the 4.25 million homeowners who were in forbearance at the end of April, nearly half made April’s payment, while 54% did not.

https://www.blackknightinc.com/blog-posts/nearly-half-of-homeowners-in-forbearance-made-april-mortgage-payments/

tags: foreclosure, Team MDK


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