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.”
-
MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 31 seconds
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.
MOST READ STORIES
Fast,Easy & Free
