Forbearances Drop, Though Plan Starts Continue Climbing
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…