Forbearances Rise Slightly as Borrowers Re-enter Plans

Posted To: MND NewsWire

American homeowners, even some of those most affected by the pandemic, seems to be edging back from anything resembling the foreclosure avalanche of 2007 to 2010. Black Knight, in its “first look” at April data, shows loan performance improving quickly, while in a second release, the company’s weekly report on forbearance plans, we see that some of the improvement continues in fits and starts. Forbearances rose during the week ended May 18, only the second increase in the last 12 weeks. The number of active plans grew by 16,000, driven by an increase in the number of former plan participants reentering the program . Black Knight said such reentries are common mid-month, especially given the recent large volume of plan removals. The number of GSE loans in forbearance dipped by 1,000 loans, about…(read more)

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Forbearances Rise Slightly as Borrowers Re-enter Plans
Forbearances Rise Slightly as Borrowers Re-enter Plans

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