COOP - Number of mortgages in forbearance improves for fifth straight week: Black Knight

The number of home mortgages in active forbearance drops by 33K in the week ended March 30, making it the fifth straight week of declines and the longest stretch since September, according to Black Knight's McDash Flash Forbearance Tracker.That brings the number of active plans down by 172K in the past month, a 6.3% reduction and the strongest improvement since late November 2020.As of March 30, some 2.54M homeowners remain in forbearance, or 4.8% of all homeowners with mortgages.Source: Black KnightThere's still potential for further improvement as 300K scheduled March expirations remain and 655K more are set to expire in April.Forbearance starts hit their lowest weekly volume since the start of the pandemic, with fewer than 30K plans starting this week.Estimated monthly principal and interest advances on active forbearance plans is $3.1B, unchanged from the prior week.Estimated monthly tax and insurance advances on active forbearance plans comes to $1.1B vs.

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Number of mortgages in forbearance improves for fifth straight week: Black Knight