Mortgage forbearance rate continues to drop
Housing Wire
JANUARY 19, 2021
The U.S. forbearance rate fell nine basis points last week to 5.37% of servicers’ portfolio volume, according to a survey from the Mortgage Bankers Association on Monday. While this decline may be the largest drop in forbearance share in the past nine weeks, it is only the second in that same time period – the first being on Dec. 14 when loans in forbearance fell six basis points to 5.48%.
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