Tag Archives: U.S. Department of Labor (DOL)

Nationwide, the overall delinquency rate dropped for the 18th consecutive month on an annual basis, as CoreLogic reports that approximately 1.4 million loans nationwide were in some stage of delinquency.

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 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.

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

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.