Tag Archives: Loan Monitoring Survey

For the third consecutive month, the nation’s forbearance rate has remained relatively flat, with new forbearance requests and re-entries being reported at nearly the same pace as exits.

Ginnie Mae’s November new MBS issuance supports the financing of more than 122,000 households nationwide, including more than 55,600 first-time homebuyers.

While overall mortgage servicers’ portfolio volume of loans in forbearance continues to dwindle, Ginnie Mae loans in forbearance increased in August, with approximately 360,000 U.S. homeowners currently in forbearance plans.

MBA reports the overall forbearance rate in June nearly plateaued, with just a four-basis-point month-over-month decline, as approximately 405,000 homeowners in the U.S. remain in forbearance plans.

The MBA reports that the share of U.S. loans in forbearance fell to 0.85% in May. However, the report cautious that pressure may be placed on those in workout options due to inflation and a rise in rates.

With nearly 470,000 nationwide currently in forbearance plans, strong employment numbers are helping homeowners regain their financial footing despite lingering inflationary concerns.

The number of U.S. loans in forbearance fell once again, with as an estimated 590,000 homeowners remaining in forbearance plans nationwide.

Despite the overall national forbearance rate nearing the 1% mark, the rate of forbearance exits reached another low since MBA began tracking exits in June 2020.

In its latest servicer report, Fitch Ratings reports forbearance plans experiencing a near 50% year-over-year drop, while the percentage of loan modifications has quadrupled.

With nearly 835,000 homeowners in forbearance plans, a recovering economy has hastened the pace of those entering permanent loan workout solutions.