Estimated reading time: 0 minutes, 23 seconds

Mortgage Forbearances Swell After Three Weeks of Declines

Tuesday, Jun 30 2020
Lending
Written by 

The number of mortgage borrowers postponing their monthly payments due to the coronavirus has climbed again after falling for three consecutive weeks. So reports TheStreet.com.

Forbearances increased by 79,000 for the most recent week, “erasing roughly half of the improvement seen since the peak of May 22,” according to data from Black Knight.

According to Black Knight, 8.8% of all homeowners were in forbearance plans as of June 23, versus 8.7% a week earlier.

Read the full article from TheStreet.com.

Read 1762 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline