Available 7 Days/Week       MON - FRI  8am - 7pm       SAT - SUN  10am – 6pm
Call us (888) 259-2257
Apply Now

New Forbearance Plans and Reentries Rise

Black Knight says that the number of active forbearance plans continued to fall over the last week, but also noted an uptick in both new plans and reentries to the program, primarily among VA and FHA loans. The number of active forbearances dropped by 22,000 or 1.4 percent during the week ended September 14, leasing 1.596 million borrowers in active plans. This is 3.0 percent of all mortgaged homeowners. It marks the first time the total number has dipped below 1.6 million. The number of forborne loan in Fannie Mae and Freddie Mac (the GSEs) portfolios and those serviced for FHA and the VA each declined by 15,000, but that was partially offset by an increase of 8,000 in the numbers serviced for bank portfolios and private label securities (PLS).

 

…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Fidelity Home Group | Mortgage News | Mortgage Rates

#fidelityhomegroup, #homebuyerexperts, #mortgagerates #mortgagenews # mortgage

   


Copyright © 2022 Fidelity Home Group supports Equal Housing Opportunity | All Right Reserved  | NMLS Identifier 1834853. Fidelity Home Group is not affiliated with the Department of Housing and Urban Development (HUD) or the Federal Housing Administration (FHA). Fidelity Home Group is a Mortgage Corporation serving the state of Florida. Not intended for legal or financial advice, consult your own professionals if such advice is sought. This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties in the state of New York will be accepted through this site. Accessibility Statement  | Consent to Receive Electronic Loan Documents  |  Cookies Policy   |  Disclosures  | Email and Mobile PolicyFair Lending Policy  |  File a Complaint Mortgage Assumptions  |  NMLS Consumer Access  |  Privacy Policy  |  Terms of Use