Nearly Half of Homeowners in Forbearance Made April Mortgage Payments

The latest data from Black Knight shows that as of May 19, 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans. This represents a little over $1 trillion in unpaid principal balances. An estimated 7.1% of all GSE-backed loans and 12.6% of FHA/VA mortgages are now in forbearance.

In addition, of the 4.25 million homeowners who were in forbearance at the end of April, nearly half made April’s payment, while 54% did not.

‍source: https://www.blackknightinc.com/blog-posts/nearly-half-of-homeowners-in-forbearance-made-april-mortgage-payments/