Early April exits offset two weeks of rising forbearance starts and re-starts, resulting in plan volumes dropping below 700,000 for the first time since the pandemic began, according to Black Knight’s blog, Vision. Overall, forbearances fell by 63,200 plans last week. GSE plans fell by 24,500 (-11%), followed by FHA/VA (-21,800, -8.1%) and loans held…
Active forbearance plans fell by 29,000 plans (-4%) last week, according to Black Knight’s blog, Vision. Forborne loans held by portfolios and PSL dropped 22,000 (-8%), while GSE plans fell by 8,000 (-2%). FHA/VA loans in forbearance fell by 1,000 (0.4%). After falling last week, restarts once again rose while new plan starts remained the…
Active forbearance plans fell by 45,000 plans (-5%) last week, according to Black Knight’s blog, Vision. GSE plans fell by 24,000 (-9%), while forborne loans held by portfolios and PSL dropped 12,000 (4%). FHA/VA loans in forbearance fell by 3%, or 10,000 plans. New plan starts and restarts also decreased after weeks of climbing. In…
New forbearance plans rose for the second week in a row, up by 19,000 plans (2.3%), according to Black Knight’s blog, Vision. The increase was driven primarily by a 9.6%, 9,000, jump in FHA/VA plans. Forborne loans held by portfolios and PSL also rose by 9,000 (3.3%) while GSE plans rose by 1,300 (0.5%). Black…
Of single-family homeowners who entered Covid-19 related forbearance, 89% have now exited their plans. Active forbearance plans dropped by 43,000 (-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 22,000 (-8%) drop in forborne loans held by portfolios…
Forbearances plan exits surged during the first week of December, according to Black Knight’s blog, Vision. Approximately 112,000 homeowners exited forbearance plans this week, a decrease of 11%. Loans held by portfolio and PSLs led the charge, seeing a drop of 49,000 (-15%). FHA/VA loans in forbearance fell by 12%, down 42,000. GSE loans saw…
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