loans
400,000 Homeowners Enter Final Month in Forbearance; Conventional Loans Dominating Market Share
Black Knight estimates that nearly 630,000 forbearance plans, more than one-third of those currently active, are slated for review this month. Of those, 400,000 will have reached the end of their 18 months of forbearance eligibility unless the maximum term is extended again. The end of August saw a significant decline in forbearance numbers as […]
Non-Government Loans See Jump in Forbearances; Huge Inflation, But Here’s Housing’s Bigger Problem
The forbearance numbers increased again over the past week although Black Knight, in its weekly report, said these mid- to late-month upticks are becoming common . The number of mortgages in active plans rose by 16,000 or 0.73 percent. The number of Fannie Mae and Freddie Mac loans in forbearance declined by 1,000 but that […]
More Than 1 Million Loans in Forbearance Scheduled to Expire in June; Builder Confidence Stays Steady
The number of loans in active forbearance plans dropped by 2.7 percent last week. Black Knight says this continues a recent trend of strong improvements in the forbearance numbers in the early part of each month. The 61,000 loans that exited the program during the week ended May 11 leaves 2.16 million loans still in […]
MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 5.05%”
Note: This is as of March 14th. From the MBA: Share of Mortgage Loans in Forbearance Decreases to 5.05% The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 9 basis points from 5.14% of servicers’ portfolio volume in the prior week […]
Nearly 25% of all loans, credit cards and mortgages are in financial hardship programs
As of June, 24.6% of all consumer credit products, including credit cards, mortgages, auto loans and personal loans are in some type of financial hardship program, according to TransUnion….(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it. Around The Web