The rate of forbearance on mortgages fell to 3.26% of servicers’ portfolio volume during the week ended Aug. 8, down from 3.40% the previous week, according to the Mortgage Bankers Association’s (MBA) Forbearance and Call Volume Survey.
Despite the 14-point basis drop, 1.6 million homeowners remain in forbearance plans, according to the MBA’s estimates.
The share of Fannie Mae and Freddie Mac loans in forbearance decreased 5 basis points to 1.69%.
Ginnie Mae loans in
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