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Loans in Forbearance Fall for 10th Straight Week

Sunday, Aug 23 2020
Lending
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Fewer Americans are postponing their mortgage payments. That’s according to the latest weekly report by the Mortgage Bankers Association.

!--more-->The share of Fannie Mae and Freddie Mac loans in forbearance decreased for a 10th consecutive week, to 4.94%, down 25 basis points, according to the MBA.

The overall portion of loans in forbearance fell week over week from 7.44% of servicers’ portfolio volume to 7.21% as of August 9.

Read the full report by the Mortgage Bankers Association. 

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