MBA: Loan Forbearances Start to Decline Again
As the mortgage industry moves closer to the end of new COVID-related forbearances, the number of homeowners in forbearance decreased last month, according to the Mortgage Bankers Association.
MBA Sees ‘Pockets of Weakness’ in Forbearance Data
While the number of homeowners in forbearance remained unchanged last month, the Mortgage Bankers Association said it saw signs of weakness in November’s data.
MBA: Forbearance Rate Increases for First Time Since 2020
The number of homeowners in forbearance increased last month for the first time in more than two years, partly thanks to Hurricane Ian’s hit to Florida homebuyers.
MBA: Ginnie Mae Forbearances Increased in August
While the number of homeowners in forbearance continued to decline last month, the forbearance rate for Ginnie Mae loans increased for the first time since 2020, according to the Mortgage Bankers Association.
MBA: Forbearance Rate for Portfolio Loans Continues Decline
The number of homeowners in forbearance continued to decline last month, and most of the forbearance exits came from portfolio loans and private-label securities, according to the Mortgage Bankers Association.
MBA: Possible Signs of Stress in Mortgage Performance
While the number of homeowners in forbearance has dropped slightly, mortgage performance could be showing signs of borrower stress, according to the Mortgage Bankers Association.
MBA: Mortgage Forbearance Rate Continues to Decline
With the unemployment rate remaining low, more borrowers were current on their mortgage payments in April compared to the first three months of 2022, according to the Mortgage Bankers Association.
MBA: ‘Remarkable’ Forbearance Recovery
The number of borrowers in forbearance has dropped in less than two year by nearly 4 million in what the Mortgage Bankers Association called a “remarkable recovery.”
