The U.S. forbearance rate measuring the share of mortgages with suspended payments experienced a 20 basis points improvement last week after it fell to 5.47% from 5.67% the week prior, according to the Mortgage Bankers Association. The U.S forbearance rate has now fallen for 11 consecutive weeks with an estimated 2.7 million homeowners still in mortgage forbearance plans. […more]
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