As of May 10, 8.16 percent of all mortgages were in forbearance, up from 7.91 percent on May 3 — the smallest increase since March,…
Posts published in “Mike Fratantoni”
The number of mortgage loans in forbearance increased from 7.54 percent of servicers’ portfolio volume. Ginnie Mae held the largest share of loans in forbearance. …
The 30-year, fixed-rate mortgage hit 3.4 percent last week, a record low for the Mortgage Bankers of America survey. Source: Inman News
A provision of the CARES Act allows for mortgage payment relief to help struggling families, but it could have an unintended negative effect on the…