COOP - Mortgages under forbearance barely slips in past week: Black Knight

The number of mortgages under active forbearance plans fell by a mere 1,000 in the week ended April 13, but that's still the seventh straight week of declining forbearance plan volumes, according to Black Knight's McDash Flash Forbearance Tracker.Typically, the strongest rates of improvement occur early and late in the month as mortgages are reviewed by servicers for extension/removal from forbearance.There are 2.3M homeowners in COVID-19-related forbearance plans, or about 4.4% of all mortgage holders.Forbearance plans starts reached their highest level in three weeks, driven by plan re-starts; some of the almost half million homeowners who had left forbearance in recent weeks likely asked their servicers to reinstate their plans, the Black Knight report said.Some 380K plans with scheduled April month-end expirations remain, meaning there's still a possibility for further improvement in the next few weeks.Estimated monthly principal and interest advances on active forbearance plans are $2.8B stays unchanged from

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Mortgages under forbearance barely slips in past week: Black Knight