Forbearances
Forbearances Decline for Second Week; Rates Are Not 1.99%
Two entities, Black Knight and the Mortgage Bankers Association (MBA) have been tracking loans in forbearance plans since the start of the pandemic. They have diverged a bit in their numbers over the last half year, but both agree, in their most recent reports, that there are now fewer than 4 million borrowers in plans. […]
Forbearances Keep Climbing; Should You Wait For Lower Rates?
Mortgage rates have fallen more aggressively than ever and they’ve been remarkably willing to set record after record. So is there any reason you shouldn’t wait for them to go even lower? This is an age old question any time rates fall to long-term lows. In the past, the answer has been pretty easy . […]
Fewer Forbearances; More Homebuilding; Higher Ficos; Lowest Rates
There was another decline in forbearance starts this past week and the number of loans in active plans also fell for the third straight week. Black Knight’s weekly report on COVID-19 related forbearances reported a total of 4.12 million loans that have been granted forbearance, allowing borrowers to omit or reduce mortgage payments due to […]