Black Knight: Number of Mortgages in Forbearance “Drops Below the Million Mark”
Industry Update
December 3, 2021
Source: Calculated Risk
Daily tracking data through December 1 shows the number of active forbearance plan totals dropping below 1 million for the first time since the start of the pandemic.
According to our McDash Flash daily forbearance tracking dataset, the number of active forbearance plans fell by 23,000 (-2.3%) this week, led by a 14,000 (-3.9%) drop in FHA/VA loans. Both GSE (-7K/-2%) and PLS/portfolio (-2K/-.6%) plan volumes also improved.
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