The share of mortgages in forbearance plans fell six basis points to 2.15% of servicers’ portfolio volume during the week ended Oct. 24, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey.
Roughly 1.1 million homeowners remain in forbearance plans – which is a huge improvement from a year ago but nonetheless a major concern for mortgage servicers.
The share of Fannie Mae and Freddie Mac loans in forbearance decreased
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