For the 20th straight week, servicers’ forbearance portfolio volume dropped — this time a staggering 26 basis points, to 3.50% in the period ending July 11, per a survey from the Mortgage Bankers Association. According to MBA’s estimate, 1.75 million homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased eight basis points to 1.83% — after […more]
Posted in: San Francisco
Comments are closed.