The share of mortgages in forbearance in the United States declined slightly again the first week in March, according to the latest report released Monday by the Mortgage Bankers Association. MBA’s weekly survey found that 2.6 million homeowners were in forbearance plans as of March 7. The survey also showed: Total loans in forbearance decreased from 5.20 percent to 5.14 percent.The share of Ginnie Mae loans in forbearance decreased from 7.28 percent to 7.16 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 2.94 percent to 2.88 percent. “One year after the onset of the pandemic, many homeowners are approaching 12 months in their forbearance plan. That is likely why call volume to servicers picked up…
Nearly a year into the pandemic, 2.6 million homeowners remain in forbearance plans in the United States, according to a report released Monday by the Mortgage Bankers Association. MBA’s weekly report found: 5.20 percent of mortgages were in forbearance as of February 28, down from 5.23 percent the week before.The share of Ginnie Mae loans in forbearance decreased from 7.35 percent to 7.28 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased: from 2.97 percent to 2.94 percent. “The improving economy, the soon-to-be passed stimulus package, and the many homeowners in forbearance reaching the 12-month mark of their plan could all influence the overall forbearance share in the coming months,” said Mike Fratantoni, MBA’s Senior Vice President…
The number of mortgages in forbearance remained at 2.6 million for the week ending February 21, according to a new report from the Mortgage Bankers Association. The report found: The total share of mortgages in forbearance in the United States increased from 5.22 percent to 5.23 percent.Ginnie Mae loans in forbearance increased from 7.32 percent to 7.35 percent.Fannie Mae and Freddie Mac loans in forbearance held steady at 2.97 percent. “A small increase in new forbearance requests, coupled with exits decreasing to match a survey low, led to the overall share of loans in forbearance increasing for the first time in five weeks,” said Mike Fratantoni, MBA’s Senior Vice President and Chief Economist. “The largest rise in the forbearance share…
The share of US mortgages in forbearance declined for the third week in a row, according to a weekly survey released Monday by the Mortgage Bankers Association. The survey, which reported 2.6 million US homeowners remain in forbearance plans, also found: Total loans in forbearance decreased from 5.29 percent to 5.22 percent.The share of Ginnie Mae loans in forbearance decreased from 7.34 percent to 7.32 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.01 percent to 2.97 percent. “The housing market is quite strong, with home sales, home construction, and home price data all testifying to this strength,” said Mike Fratantoni, MBA’s Senior Vice President and Chief Economist. “Policymakers and the mortgage industry have helped…
The number of US mortgages in forbearance dropped to 2.6 million last week after holding steady for several weeks, according to the weekly report released Tuesday by the Mortgage Bankers Association. The weekly survey found: The percentgage of loans in forbearance decreased from 5.35 percent to 5.29 percent as of February 7.The share of Ginnie Mae loans in forbearance decreased from 7.46 percent to 7.34 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.07 percent to 3.01 percent. “The share of loans in forbearance declined to the lowest level since April 5th of last year, due to decreases in both the GSE and Ginnie Mae portfolios,” said Mike Fratantoni, MBA’s Senior Vice President and Chief…
The number of US mortgage borrowers whose loans are in forbearance remains stubbornly stuck at 2.7 million, according to a new report released by the Mortgage Bankers Association. The survey found: Total loans in forbearance decreased from 5.38 percent to 5.35 percent.The share of Ginnie Mae loans in forbearance decreased from 7.51 percent to 7.46 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.10 percent to 3.07 percent. “While new forbearance requests increased slightly at the end of January, the rate of exits picked up somewhat but remained much lower than in recent months. We are anticipating a sharp increase in exits in March and April as borrowers hit the 12-month expiration of their forbearance…
The number of mortgages in forbearance in the United States remains stubbornly at 2.7 million, where it has largely sat for several months now. The Mortgage Bankers Association’s latest weekly survey released Monday found that the number of loans in forbearance remained unchanged this week at 5.38 percent. The survey also found: The share of Ginnie Mae loans in forbearance decreased from 7.61 percent to 7.51 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.11 percent to 3.10 percent.The share of other loans in forbearance increased from 8.94 percent to 9.16 percent. “While new forbearance requests dropped slightly, the rate of exits from forbearance was at the slowest pace since MBA began tracking exit data…
The number of mortgages in forbearance in the United States held steady at about 2.7 million, according to the latest weekly survey released Monday by the Mortgage Bankers Association. The survey found: The total share of loans in forbearance increased from 5.37 percent to 5.38 percent.The share of Ginnie Mae loans in forbearance decreased from 7.67 percent to 7.61 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased 3.13 percent to 3.11 percent.The share of independent mortgage bank-managed mortgages in forbearance held steady at 5.79 percent.Bank-managed mortgages climbed from 5.33 percent to 5.36 percent. “The small increase in the share of loans in forbearance was led by a gain in the portfolio/PLS loan segment. The good news is…
The share of US mortgages in forbearance edged down slightly last week, though 2.7 million homeowners are still pausing their mortgage payments, according to the weekly report released Monday by the Mortgage Bankers Association. The weekly survey found: Total loans in forbearance as of January 3 decreased from 5.53 percent to 5.46 percent.The share of Ginnie Mae loans in forbearance decreased from 7.92 percent to 7.85 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.24 percent to 3.19 percent.The share of independent mortgage banks in forbearance dropped from 6.01 percent to 5.92 percent.Bank-managed mortgages dropped from 5.44 percent to 5.39 percent. “The share of loans in forbearance slightly declined for each investor category entering the…
New year, same old story when it comes to the number of homeowners in forebearance plans in the United States. The total number of mortgages in forbearance remained unchanged in the last Mortgage Bankers Association report released Tuesday, with 2.7 million homeowners pausing their mortgages as of December 27. The weekly report found: Total loans in forbearance remained unchanged relative to the prior week at 5.53 percent.The share of Ginnie Mae loans in forbearance increased from 7.87 percent to 7.92 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.26 percent to 3.24 percent.Independent mortgage bank-managed mortgages in forbearance decreased from 6.04 percent to 6.01 percent.Bank-managed mortgages increased from 5.43 percent to 5.44 percent. “The share…
