The delinquency rate nationwide dropped to 2.80% in April, as overall delinquencies fell almost 40% YOY, according to Black Knight’s “first look” at its April 2022 month-end mortgage performance stats. The numbers reflect the mortgage market’s continued recovery from pandemic impacts. Prepayment activity dropped 19.1% from March and is down 61.8% YOY due to rapidly…
The number of loans in forbearance fell 11% in April from 1.05% of servicers’ portfolio volume to 0.94%, according to the Mortgage Bankers Association’s (MBA) Loan Monitoring Survey. MBA now estimates that 470,000 homeowners remain in forbearance plans. Of Fannie and Freddie loans, the number in forbearance dropped 6 basis points to 0.43%. Ginnie Mae…
In its last weekly report, Black Knight found forbearances largely holding steady in a “typical” pattern for the end of the month. Overall, forbearances rose by 2,300 plans last week. Loans held by portfolios and PSLs increased by 7,300 (+3.5%), though this was tempered by decreases for GSE loans (-1.2%, 2,400) and FHA/VA (-1.1%, 2,700)….
Good Morning! Today is Wednesday, October 6. Some Democrats propose changing the filibuster to bypass fighting about the debt limit. Johnson & Johnson asked the FDA to approve its Covid-19 booster shot. The Justice Department is reviewing its decision not to prosecute the FBI agents who disregarded allegations about Larry Nassar and later lied about their actions.And in…
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