Despite a second consecutive modest
weekly increase
, the number of loans in forbearance continue to trend well
below those at the peak of the COVID-19 pandemic.
Black Knight said there was
an uptick of 27,000 loans in forbearance plans during the period ended November
23. That reporting period was one day shorter than the usual week in
preparation for the Thanksgiving holiday. The company reminds readers that “mild
increases like this have been common in the middle of the month. Since the
recovery started, the strongest declines have typically been seen early in the
month, as expiring forbearance plans are removed.”

 

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