MBA Survey: “Share of Mortgage Loans in Forbearance Decreases to 2.28%”
Industry Update
October 18, 2021
Source: Calculated Risk Finance and Economics
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 34 basis points from 2.62% of servicers’ portfolio volume in the prior week to 2.28% as of October 10, 2021. According to MBA’s estimate, 1.1 million homeowners are in forbearance plans.
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