PFSI - Number of mortgages in forbearance falls by 45K in past week: Black Knight

Following the pattern of the past several months, the number of mortgages in active forbearance declined at the beginning of the month, driven by month-end plan expirations, according to the Black Knight McDash Flash Forbearance Tracker.The number of mortgages in active forbearance fell by 45K, or 1.6%, this week. Next week there could be another big crop of plans removed from forbearance as there were 47K plans with Jan. 31 expiration dates that servicers were still reviewing for extension or removal as of Feb. 2.As of Feb. 2, some 2.72M homeowners, or 5.1% of mortgages, remain in active COVID-19-related forbearance plans. That's the smallest number since late April. Still volumes have been hovering between 2.72M and 2.81M since early November.The pattern has been, though, for the number of forbearance plans to increase in the mid- to late-month period.Looking ahead, some 390K plans are set to expire at the end of

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Number of mortgages in forbearance falls by 45K in past week: Black Knight