COOP - Mortgages in forbearance rise again in mid-month bump: Black Knight

Following the pattern of mid-month increases in mortgage forbearance volumes, the number of mortgages in active forbearance rises by 15K, or 0.06%, since a week ago Tuesday, according to the Black Knight's McDash Flash Forbearance Tracker.Still, the monthly rate of decline holds steady at ~2%, continuing the trend of very slow but steady improvement in the number of outstanding forbearance cases.As of Feb. 16, 2.69 homeowners, or 5.1% of all mortgage holders, remain in active forbearance.New plan starts hit a post-pandemic low this week; meanwhile only one of every 77 homeowners who entered the week in forbearance left their plans, one of the lowest removal rates seen.About 204K forbearance plans are scheduled to expire at the end of February, suggesting any decline in forbearance volumes in the coming weeks is likely to be limited.Estimated monthly principal and interest advances on active forbearance plans stands at $3.3B, unchanged from the prior

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Mortgages in forbearance rise again in mid-month bump: Black Knight