PFSI - Mortgages in forbearance continue to decline over the past week - Black Knight

Active forbearance plans decline by 61K, or -2.9%, since last Tuesday, according to Black Knight's McDash Flash Forbearance Tracker.As of June 8, some 2.06M, or 3.9%, of homeowners remain in forbearance plans including 2.3% of GSE, 6.9% of FHA/VA and 4.4% Portfolio/PLS loans, of which all fell in the past week.The most improvement is with loans held in banks' portfolios or in private label securities.Although still relatively low, plan starts rose this week after the Memorial Day-shortened week.100K+ homeowners left their forbearance plans for the second week in a row, with ~1/3 of loan reviews for extensions or removal resulting in removals.530K plans are still scheduled for quarterly reviews over the next three weeks, which could increase plan exits as July 4 nears; what happens in the second half of this year is largely based on what happens in early July.Estimated principal and interest advances on active forbearance plans were $2.5B,

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Mortgages in forbearance continue to decline over the past week - Black Knight