This week saw a 20,000 net increase. Despite the uptick, plan volumes are down 228,000 (-8.9%) from the same time last month. Continued improvement among GSE (-9,000) and FHA/VA forbearances (-2,000) was more than offset by a 31,000 increase in plans among portfolio held and privately securitized mortgages.

More than 240,000 plans are still set to expire in April with less than a week remaining in the month, which leaves opportunity for additional improvement in late April/early May. Both inflow and exit activity fell this month with exits hitting their lowest weekly total since late February. As of April 27, 2.33 million (4.4% of) homeowners are in COVID-19-related forbearance plans, including 2.6% of GSE, 7.8% of FHA/VA and 5% of Portfolio/PLS loans.