The
number of loans in forbearance declined by 61,000 or 2.9 percent during the
week ended June 8. Black Knight said that 2.06 million loans remain in various
forbearance programs, 3.9 percent of all active mortgages. There
were significant declines among all lender programs. Loans serviced for bank
portfolio or private label security (PLS) investors saw the most substantial
change with 33,000 fewer loans in forbearance. Those serviced for the FHA and VA
 decreased by 19,000 and for Fannie Mae
and Freddie Mac (the GSEs) the decline was 9,000.

 

…(read more)

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