Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age…
Posts published in “forbearance”
About 2.1 million homeowners remain in forbearance, and close to half of those borrowers haven’t made a payment in more than a year. Source: Inman…
Many homeowners who were granted forbearance during the pandemic are scheduled to hit 18-month program eligibility limit at the end of September. Source: Inman News
With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of…
Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment…
As the economy improved, tax returns came in and homeowners received stimulus payments, the mortgage delinquency rate dropped, according to Black Knight. Source: Inman News
At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in…
The share of mortgages in forbearance dropped for a sixth straight week, showing one of the largest decreases in the rate since the pandemic began. …
The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry. Source: Inman News
Total weekly forbearance requests as a percent of servicing portfolio volume decreased from 0.05 percent to 0.04 percent, according to the latest data from the…