Mortgage Forbearance Volumes Flatten, Total Roughly Steady at 4.76m

Manley Deas Kochalski    May 29, 2020

The latest data from Black Knight’s Forbearance Tracker shows that forbearance volumes have essentially flattened, and in fact, new inflows have slowed to a relative trickle. As of May 26, 4.76 million homeowners are in forbearance plans, with a net increase of just 7,000 new forbearance plans since last week. That is in comparison to a 325,000 net increase in the first week of May, and 1.4 million in the first week of April. Together, the 4.76 million represent 9% of all active mortgages and more than $1 trillion in unpaid principal. Some 7.2% of all GSE-backed loans and 12.6% of all FHA/VA loans are currently in forbearance plans.

https://www.blackknightinc.com/blog-posts/mortgage-forbearance-volumes-flatten-total-roughly-steady-at-4-76-million/

tags: foreclosure, Team MDK


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