PFSI - Mortgages in forbearance creep up for second week in a row: Black Knight

The number of mortgages in active forbearance rise for a second week in a row, climbing by 21K (+0.8%) since last Tuesday, pushing the total back up over 2.7M, according to Black Knight's McDash Flash Forbearance Tracker.Earlier this month, the number of mortgages in forbearance fell below that amount for the first time since April.As of Feb. 23, 2.7M homeowners, or 5.1% of all mortgage holders, remain in active forbearance.The monthly rate of decline is holding steady at 2%, continuing the trend of slow but steady improvement in the number of outstanding forbearance cases. Since early December, the monthly declines have been averaging less than 2%.Some 160K forbearance plans are set to expire at the end of February.Estimated monthly principal and interest advances on active forbearance plans stands at $3.3B, unchanged from the prior week.Estimated monthly tax and insurance advances on active forbearance plans were also unchanged at $1.2B.Mortgage servicers

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Mortgages in forbearance creep up for second week in a row: Black Knight