Number of Loans in Forbearance Remains Flat

Manley Deas Kochalski    August 21, 2020

According to latest data from Black Knight’s Forbearance Tracker, the number of mortgages in active forbearance remained flat over the past week, with a 15,000 reduction among GSE mortgages offset by a 5,000 rise in FHA forbearances and a 10,000 increase among portfolio/PLS-held loans.

As of August 18, 3.9 million homeowners remain in active forbearance, representing 7.4% of all active mortgages, unchanged from last week. Together, they represent $833 billion in unpaid principal.

Some 5.4% of all GSE-backed loans and 11.6% of all FHA/VA loans are currently in forbearance plans. Another 8% of loans in private label securities or banks’ portfolios are also in forbearance.

source: https://www.blackknightinc.com/blog-posts/number-of-loans-in-forbearances-remains-flat/

tags: foreclosure, Team MDK


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