An estimated 2.3 million homeowners remain in forbearance plans in the United States, according to the latest Mortgage Bankers Association report released Monday.
MBA’s weekly survey found:
- Total loans in forbearance decreased from 4.66 percent to 4.50 percent as of April 11.
- The share of Ginnie Mae loans in forbearance decreased from 6.33 percent to 6.16 percent.
- The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 2.52 percent to 2.44 percent.
“The share of loans in forbearance decreased for the seventh straight week and has now dropped 40 basis points in the last two weeks,” said Mike Fratantoni, MBA’s Senior Vice President and Chief Economist.