PFSI - Mortgages in active forbearance decline by 71K this week Black Knight says

The number of mortgages in active forbearance fell 71K in the most recent week, as well as the past month, as plan exits rise and plan starts fell to the lowest weekly mark since early July, according to the Black Knight McDash Flash Forbearance Tracker. As of Aug. 3, some 1.82M, or 3.4%, of homeowners remain in COVID-19-related forbearance plans, including 2.0% GSE, 6.0% of FHA/VA, and 4.2% of portfolio held and privately securitized mortgages. FHA/VA active plans improved the most (-36K, or -4.8%); GSE plans fell by 18K, or -3.2%, and portfolio/PLS declined by 17K, or -3%. 340K+ plans are currently under review for extension/removal throughout August, which may imply substantial improvement in the weeks to come. The estimated average monthly principal and interest advances on active forbearance plans remains at $2.3B, while monthly tax and insurance advances on active forbearance plans also remained at $0.8B. Mortgage servicers that

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Mortgages in active forbearance decline by 71K this week, Black Knight says