Tag Archives: Forbearance

Freddie Mac’s Kevin Palmer discusses ways in which the GSEs' Payment Deferral offering can go a long way in resolving COVID-19-related delinquencies (Sponsored Content).

he number of Americans currently in forbearance plans hit approximately 1.5 million homeowners this week, as forbearance volume dove 15 basis points from the previous week.

The recent rise in Covid variant cases is again impacting the nation’s job force, with recent forbearance exits slowing their pace.

Mortgage servicers are seeking answers from technology to improve their operations with an ‘automation first’ strategy in a post-COVID market.

Overall forbearance volume slid slightly this week, as the MBA reported exits hit their slowest pace in more than a year.

The nonpayment rate inches toward pre-pandemic levels, while forborne portfolio and PLS loans drive a mid-month increase in debt deferred.

The number of homeowners in forbearance plans tailed off yet again this week, as strong employment numbers and a growing economy are landing more back on solid financial footing.

This is an opportunity for companies to identify and address internal pain points as borrower protections wind down, Acting Director Dave Uejio says.

Strong July jobs numbers point to more homeowners exiting forbearance plans in the coming months, as the number of homeowners in plans slides yet another week.

After continued declines in the share of forbearance plans, totals this week nearly plateaued, with many homeowners still in need the relief provided.