The number of US mortgages in forbearance increased slightly in mid-December, according to the latest weekly forbearance report released by the Mortgage Bankers Association. MBA’s weekly survey released Monday found 2.7 million homeowners remained in forbearance plans. The survey also showed: 5.49 percent of mortgages were in forbearance as of December 13, up from 5.48 percent the week before.The share of Ginnie Mae loans in forbearance increased from 7.68 percent to 7.79 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.26 percent to 3.25 percent.5.95 percent of independent mortgage bank mortgages were forbearance, down from 5.98 percent.5.41 percent of bank-managed mortgages were in forbearance, up from 5.38 percent. “The share of loans in forbearance has…
The share of mortgages in forbearance in the United States decreased slightly last week, with 2.7 million homeowners still pausing their mortgage payments, the Mortgage Bankers Association announced in its weekly survey Monday. The survey found: Total loans in forbearance decreased from 5.54 percent to 5.48 percent as of December 6.The share of Ginnie Mae loans in forbearance decreased from 7.89 percent to 7.68 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.34 percent to 3.26 percent.The share of independent mortgage bank-managed mortgages in forbearance dropped from 6.02 percent to 5.98 percent.Bank-managed mortgages dropped from 5.48 percent to 5.38 percent. “The share of loans in forbearance decreased in the first week of December. However, more…
The number of US mortgages in forbearance held steady to close out November, with about 2.8 million homeowners still pausing their mortgage payments amid the Covid-19 pandemic, the Mortgage Bankers Association announced Monday. MBA’s weekly survey found: Total loans in forbearance remained unchanged for the week ending November 29 at 5.54 percent.The share of Ginnie Mae mortgages in forbearance increased from 7.83 percent to 7.89 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.36 percent to 3.34 percent.Independent mortgage bank loans in forbearance dropped from 6.03 percent to 6.02 percent.Bank-managed mortgages climbed from 5.47 percent to 5.48 percent. “After two weeks of increases, the share of loans in forbearance was unchanged for the week that…
The share of mortgages in forbearance in the United States increased for the second week in a row before Thanksgiving, according to the weekly report released by the Mortgage Bankers Association. MBA’s survey found for the week ending November 22: Total loans in forbearance increased from 5.48 percent to 5.54 percent. The share of Ginnie Mae loans in forbearance increased from 7.73 percent to 7.83 percent.The share of Fannie Mae and Freddie Mac loans in forbearance increased from 3.35 percent to 3.36 percent.Independent mortgage bank loans in forbearance climbed from 5.48 percent to 5.54 percent.Bank-managed mortgages in forbearance climbed from 5.44 percent to 5.47 percent. “For the second week in a row, the share of loans in forbearance has…
The share of mortgages in forbearance in the United States increased ever so slightly in mid-November, while a second report released Monday found that mortgage delinquencies overall were down in October. The Mortgage Bankers Association weekly report found: Total loans in forbearance from 5.47 percent to 5.48 percent as of November 15, which works out to about 2.7 million mortgages in the United States.The share of Ginnie Mae loans in forbearance increased from 7.70 percent to 7.73 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.36 percent to 3.35 percent.Independent mortgage bank-managed loans in forbearance held steady at 5.94 percent, while bank-manage mortgages climbed from 5.43 percent to 5.44 percent. “A marked slowdown in forbearance…
The number of US mortgages in forbearance dropped for the 11th week in a row, with 2.7 million homeowners still pausing their mortgage payments during the Covid-19 pandemic, the Mortgage Bankers Association announced Monday. The survey found: The total share of mortgages in forbearance dropped from 5.67 percent to 5.47 percent as of November 8.The share of Ginnie Mae loans in forbearance decreased from 7.95 percent to 7.70 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.49 percent to 3.36 percent.Independent mortgage bank-managed mortgages in forbearance dropped from 6.19 percent to 5.94 percent.Bank-managed mortgages in forbearance dropped from 5.60 percent to 5.43 percent. “While the rate of new forbearance requests has declined and exits are increasing,…
The Federal Housing Finance Agency announced Thursday yet another extension of Fannie Mae and Freddie Mac’s ability to purchase some single-family mortgages in forbearance to continue to support the liquidity of mortgage lenders during the pandemic. FHFA originally put the policy in place in April in response to borrowers seeking mortgage forbearance shortly after closing on loans – and before the lender could deliver the loan to Fannie Mae or Freddie Mac. Prior to the change, loans in forbearance were ineligible to be sold under Fannie and Freddie requirements, placing the borrower and the lender in jeopardy. “Eligible loans will continue to be priced to mitigate the heightened risk of loss to the Enterprises from said loans,” FHFA said in…
The share of mortgages in the United States under forbearance plans dropped again, with 2.8 million homeowners still having their payments paused, according to the latest report released Monday by the Mortgage Bankers Association. The survey found that as of November 1: Total loans in forbearance decreased from 5.83 percent to 5.67 percent.The share of Ginnie Mae loans in forbearance decreased from 8.13 percent to 7.95 percent.The share of Fannie Mae and Freddie Mac loans in forbearance decreased from 3.66 percent to 3.49 percent.Independent mortgage bank-managed loans in forbearance dropped from 6.27 percent to 6.19 percent.Bank-managed mortgages dropped from 5.86 percent to 5.60 percent. “A recovering job market, coupled with a strong housing market, is providing the support needed for…
More than seven months after the start of the Covid-19 pandemic, 5.8 percent of mortgages in the United States remain in forbearance, according to the latest report released by the Mortgage Bankers Association. MBA’s weekly forbearance survey found that 2.9 million homeowners are in forbearance plans, including: 5.83 percent of all mortgages were in forbearance as of October 25, down from 5.90 percent the week before.Ginnie Mae loans in forbearance decreased from 8.17 percent to 8.13 percent.Fannie Mae and Freddie Mac loans in forbearance decreased from 3.72 percent to 3.66 percent.Independent mortgage bank loans in forbearance dropped from 6.35 percent to 6.27 percent.Bank-managed mortgages held steady at 5.86 percent. “With more borrowers exiting forbearance in the prior week, the share…
About 3 million homeowners in the United States remain in forbearance plans as the Covid-19 pandemic stretches into its eighth month, according to a new report released Monday by the Mortgage Bankers Association. MBA’s weekly forbearance survey found as of October 18: The share of loans in forbearance decreased from 5.92 percent to 5.90 percent (and down from 6.32 percent two weeks earlier).Ginnie Mae loans in forbearance increased from 8.14 percent to 8.17 percent.Fannie Mae and Freddie Mac loans in forbearance decreased from 3.77 percent to 3.72 percent.Independent mortgage bank mortgages in forbearance climbed from 6.33 percent to 6.35 percent.Bank-managed mortgages dropped from 5.93 percent to 5.86 percent. “The share of loans in forbearance declined only slightly in the prior…
