Mortgage forbearances for homeowners affected
financially by the pandemic declined slightly over the past week. Black Knight
said that there were 200,000 plans scheduled to expire at the end of November,
probably accounting for the majority of the 39,000-loan downturn in the various
forbearance programs. Another 1 million plans are due to expire at the end of
this month. 
As of December 1, there were a total of 2.76 million
loans remaining in plans, 5.2 percent of the 53 million active mortgages in
servicer portfolios and representing $561 billion in unpaid principal. Eighty-one
percent of those loans have
had their terms extended
at some point since March.


…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Generated by Feedzy