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.
Read More »Distressed Home Sales Down 2% YoY in April
NAR reports that foreclosures and short sales represented less than 1% of total home sales in April 2022, but down slightly from April 2021’s totals.
Read More »Number of Loans in Forbearance Approaches the 1% Mark
After peaking at 4.3 million at the height of the pandemic in June 2020, nearly two years later, an estimated 525,000 U.S. homeowners remained in forbearance plans in March.
Read More »Forbearance Portfolio Volume Slides for 21st Straight Month
The number of U.S. loans in forbearance fell once again, with as an estimated 590,000 homeowners remaining in forbearance plans nationwide.
Read More »Pace of Forbearance Exits Reaches New Low in January
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.
Read More »Forbearance Exits Continue to Rise
The number of homeowners in forbearance plans fell further in December, as the MBA estimates that just 705,000 U.S. homeowners are currently in some stage of forbearance.
Read More »Upbeat Economy Brings Downturn in Forbearance Volume
With nearly 835,000 homeowners in forbearance plans, a recovering economy has hastened the pace of those entering permanent loan workout solutions.
Read More »Share of Loans in Forbearance Inches Closer to 2% Mark
Improvements in the nation’s jobs numbers have increased the number of forbearance exits as estimated total of just one million homeowners remain in forbearance plans.
Read More »Clarifire Partners With Freddie Mac to Streamline Servicing Workouts
Workflow automation platform integrates with Freddie Mac’s Resolve to save mortgage servicers time and cost reduction in the workout decisioning process.
Read More »Forbearance Exits Continue to Rise as Re-Entries Decline
The share of homeowners in forbearance continues to slide week-after-week, dropping this week to 2.89% of servicers’ volume, with nearly 1.4 million nationwide currently in plans.
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