A decline in the number of forborne
loans in those portfolios serviced for banks and private label securities (PLS)
accounted for most of the modest downturn in overall numbers last week. Black
Knight said the number of active plans dropped by 9,000 loans or 0.3 percent compared
to the previous week. The the total of active plans is only 1.5 percent below
where it was in December, continuing a recent trend of slowing improvement. “This
further sets the stage for a great many plans to still be active when the first
wave of forbearance plans begin to expire at the end of March, the Black Knight
report says.”

 

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