Black Knight notes a large improvement in forbearance
statistics during the week ended March 9. The number of loans in active plans
dropped by 77,000 over the week, the largest single week decline since early
January, and lowered the number of plans to 2.6 million, a -2.9 percent change.
At the end of the reporting period the remaining loans represent 4.9 percent of
the nation’s 53 million mortgages and an outstanding principal balance of $515 billion. It was the first time since April 2020 that
fewer than 5 percent of U.S. mortgages were in forbearance.