As expected, forbearance volumes declined this week, driven by January month-end plan expirations. According to Black Knight’s McDash Flash Forbearance Tracker, after two (also expected) consecutive weekly increases, the number of mortgages in active forbearance fell by 45,000, a 1.6% drop this week.

Rates have ticked up with the 10-year note at 1.15%. This week Bill Bodnar of The Mortgage Market Guide (MMG) discusses some positively sloped charts that are important for you and your clients to follow.

Dallas Federal Reserve Bank President Robert Kaplan has reassured investors that the recent, Reddit-driven spree of trading in stocks such as GameStop does not currently threaten overall market stability. So reports Reuters.