There was a 15,000 loan or 0.06
percent increase in the overall number of forbearances last week.  Black Knight says that the gain was somewhat
typical of the mid-month performance of the program
, with the largest declines
at the beginning of the month, tapering off as the previous month’s plan expirations
are processed. Only one out of every 77 homeowners who were in forbearance at
the beginning of the week had exited by the end, one of the lowest removal
rates. However new plan entries hit a post-pandemic low.

 

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