Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.

Estimated reading time: 0 minutes, 25 seconds

Weekly Forbearance Numbers See Modest Improvement: Black Knight

Friday, Oct 23 2020
Lending
Written by 

Forbearance volumes saw a modest decline, falling by 11,000 from the week prior.

Weekly declines of 14,000 among GSE loans, and 2,000 among portfolio-held and privately securitized loans, were partially offset by a 5,000 increase in forbearance plans among FHA/VA loans.

As of Oct. 20, nearly three million borrowers remain in active COVID-19 forbearance plans, representing 5.6% of first lien mortgages

Despite the limited improvement, overall forbearance volumes are down 623,000 (-17%) month-over-month, driven by the strong improvement seen in early October.

See the most recent data from Black Knight. 

Read 3256 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Bodnar of MMG: Still About the Stimulus »

FOLLOW US