Forbearance Volumes Fall By 57,000

Manley Deas Kochalski    June 19, 2020

The latest data from Black Knight shows that the number of mortgages in active forbearance fell for the third week in a row. Overall, the number of active forbearance plans is down 57,000 from last week and 158,000 from the peak the week of May 22.

As of June 16, 4.6 million homeowners remain in forbearance plans, representing 8.7% of all active mortgages, down from 8.8% last week. Together, they account for just over $1 trillion in unpaid principal ($1,012 billion).

Some 6.8% of all GSE-backed loans and 12.1% of all FHA/VA loans are currently in forbearance plans. Volumes were actually up 6,000 among non-agency loans for the week, while forbearance plans on government-backed loans were down a collective 62,000.

tags: Foreclosure

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