About 4.2 million mortgages are now in forbearance, representing 8.4% of outstanding home loans, the Mortgage Bankers Association said on Tuesday. The numbers increased from 4.1 million mortgages last week and an 8.2% share, MBA said. Measured by the type of investor, Ginnie Mae mortgages were most likely to be in forbearance, the report said. […more]
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