COOP - Number of mortgages in forbearance drops by the most in six months: Black Knight

The decline in the number of mortgages in active forbearance plans continues for the sixth straight week and represents the largest drop in six months, according to Black Knight's McDash Flash Forbearance Tracker.The number of active plans fell by 228K in the week ended April 6, falling 9% in one week.Source: Black KnightThe decline is largely driven by early forbearance entrants exiting their plans at the 12-month mark, Black Knight said.As of April 6, 2.3M  homeowners remain in forbearance, representing 4.4% of all homeowners with mortgages. And the potential for further improvement remains though April into May as 500K more plans have April month-end expirations.An estimated 280K homeowners exited forbearance in the past week, representing more than half of all loans being reviewed for extension and removal. By contrast, about 8 out 10 plans reviewed resulted in forbearance extension in the prior week.Fewer mortgages were also entering forbearance with an

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Number of mortgages in forbearance drops by the most in six months: Black Knight