Keller Mortgage Joins Layoff Wave Keller Williams has laid off an unspecified number of people at its lending business, Keller Mortgage, following job cuts at several other mortgage lenders. So reports The Real Deal.

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December 2021 Forbearance Rate Slides to 1.41%

The share of mortgage borrowers under agreements to pause or reduce payments continued to slide to end 2021, according to new data from the Mortgage Bankers Association. So reports RISMedia.

arrow 98577 1280The total amount of loans in forbearance represented 1.41% of servicers’ portfolio volume as of December 31, according to the MBA’s monthly loan monitoring survey.

That’s down from 1.67% the prior month, led by government and private-label and portfolio loans. Marina Walsh, MBA’s vice president of industry analysis, noted in a statement that “the pace of monthly forbearance exits reached its lowest level since MBA started tracking exits in June 2020.”

Read the full article from RISMedia.

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