COOP - Active mortgage forbearance plans rise slightly in past week - Black Knight
Andrii Yalanskyi/iStock via Getty Images The number of mortgages in active forbearance plans nudges up 1K this week, continuing the trend of small mid-month increases, according to the Black Knight McDash Flash Forbearance Tracker. Still, the total number is down 6% from a month ago. As of June 22, some 2.06M, or 3.9% of, homeowners remain in COVID-19 related forbearance plans, including 2.3% of GSE, 6.9% of FHA/VA, and 4.6% of portfolio/PLS loans. Weekly declines among GSE (-10K) and FHA/VA (-7K) forbearance plans were offset by and 18K rise among portfolio and privately held mortgages. Forbearance starts fell slightly this week and were 7% below the previous four-week average. Meanwhile, removal were at their lowest level in five weeks and extension activity also declined. Still, more than 300K plans are scheduled for quarterly reviews between now and next Wednesday. Estimated monthly principal and interest advances on active forbearance plans were
For further details see:
Active mortgage forbearance plans rise slightly in past week - Black Knight