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).
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