Some 4.2 million Americans are now using forbearance programs. However, the rate at which loans are going into forbearance is slowing, suggesting conditions are stabilizing. …
Posts published in “Mike Fratantoni”
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,…
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…