COOP - Mortgages in forbearance rise again in the past week: Black Knight

The number of mortgages in active forbearance plans rose by 16K, or up 0.7%, this week, only the third overall increase in the past 12 weeks, according to Black Knight's McDash Flash Forbearance Tracker.After seeing improvement accelerate as early forbearance entrants went through the 12-mont review process in March and April, exit activity has since returned to a more "normal" trend for the recovery to-date — improvements in early to mid-month, then increases mid- to late in the month.As of May 26, some 2.2M, or 4.1% of, homeowners remain in COVID-19-related forbearance plans, including 2.4% of GSE, 7.3% of FHA/VA, and 4.8% of portfolio and privately securitized mortgages.Source: Black KnightAlmost 145K plans are still listed with May 2021 expirations, meaning there's some opportunity for additional improvements over the next two weeks and especially in early June.Estimated monthly principal and interest advance on active forbearance increases to $2.7B from $2.6B in

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Mortgages in forbearance rise again in the past week: Black Knight