Tag Archives: Forbearance

A recent DS News webinar addressed how servicers have handled customers during the pandemic and what lies ahead as nearly two million Americans prepare to exit their forbearance plans.

In the month of May, one in every 12,700 housing units had a foreclosure filing, a total down from April, but up 23% over last year at the outset of the foreclosure moratorium and CARES Act.

For the 15th straight week, the share of mortgage loans in forbearance has dropped, with employment showing signs of strength.

On Wednesday, Five Star’s one-day 2021 Government Forum: A Virtual Event brought together execs from the mortgage industry with governmental agency representatives to share ideas and insights about the future of the mortgage marketplace.

The number of U.S. homeowners in forbearance declined for the 14th consecutive week, with the Bureau of Labor Statistics reporting strong job gains in May as more exit their plans.

An upcoming DS News-hosted webinar will discuss concerns and solutions that servicers have about ensuring a smooth transition for homeowners soon exiting their forbearance plans.

Overall forbearance volume may have declined, but the number of homeowners requiring additional assistance rose, despite an improvement in initial unemployment claims.

An upcoming DS News webinar will examine how the servicing industry is working with a new crop of clients preparing to exit forbearance plans as they regain their financial footing.

Improvements in unemployment claims and an uptick in consumer sentiment has led to more exiting forbearance plans.

Bright spots in employment and the economy are driving more and more Americans out of forbearance plans.