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 the various lender programs, 4.1 percent of all active mortgage loans. Last week’s program exits affected all loan types. GSE
(Fannie Mae and Freddie Mac) forbearance volumes declined by 13,000, 19,000 VA
and FHA loans exited, and there was a 29,000 loan reduction in PLS/portfolio
forbearances. This leaves 684,000 GSE loans, 881,000 VA and FHA loans, and 598,000
PLS portfolio loans in active plans.

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