Mortgage demand has stayed hot even as interest rates have drifted from their all-time lows. So reports CNBC.

Forbearance volumes fell between May 26 and June 2, the first time since the crisis began, according to data from Black Knight. As such, the focus of industry participants–especially servicers and mortgage investors–must now shift from pipeline growth to pipeline management and downstream performance of loans in forbearance. That's according to Ben Graboske, President of Black Knight Data & Analytics.

Since the coronavirus hit, the federal government has taken on an even bigger role as a backstop for the $11 trillion housing debt market, according to Barclays. So reports MarketWatch.