Active forbearance plans dropped by 73,000 (-8%) in the first week of January, according to Black Knight’s blog, Vision. The number of loans in forbearance fell across all categories, led by a 30,000 plan decrease in FHA/VA loans (-10%). Forbearances on loans held by portfolios and PSLs fell by 17,000 (-8%) and GSE loans fell…
The number of loans in forbearance remained basically the same leading up to Thanksgiving, making up 1.9% of all active mortgages, according to Black Knight’s blog, Vision. Black Knight characterized this week as “holding true to the established mid-month pattern,” referring to a months-long trend of forbearance slowdown in the middle of the month, with…
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