A new report from the Mortgage Bankers Association shows that about 4.2 million homeowners were in forbearance programs as of June 21. Source: Inman News
Posts published in “mortgage bankers association”
During the week ending June 14, mortgage loans in forbearance decreased to 8.48 percent, down from 8.55 percent the previous week, according to the Mortgage…
The share of mortgage loans in forbearance modestly rose to 8.55 percent of servicers’ portfolio volume during the week ending on June 7, up from…
Despite a 0.07 week-over-week increase in forbearance requests, the Mortgage Bankers Association said homeowners’ financial situations are turning around. Source: Inman News
“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Source: Inman…
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. …
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. …
Thirty-year, fixed-rate mortgages fell to 3.43 percent, from 3.45 percent last week, marking a new low, according to the Mortgage Bankers Association. 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…