The total amount of loans in forbearance represented 1.41% of servicers’ portfolio volume as of December 31, according to the MBA’s monthly loan monitoring survey.
That’s down from 1.67% the prior month, led by government and private-label and portfolio loans. Marina Walsh, MBA’s vice president of industry analysis, noted in a statement that “the pace of monthly forbearance exits reached its lowest level since MBA started tracking exits in June 2020.”
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December 2021 Forbearance Rate Slides to 1.41%
The share of mortgage borrowers under agreements to pause or reduce payments continued to slide to end 2021, according to new data from the Mortgage Bankers Association. So reports RISMedia.
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