Share of Mortgage Loans in Forbearance Remains Flat at .7% in November
Industry Update
December 19, 2022
Source: Mortgage Bankers Association
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance remained flat relative to the prior month at 0.70% as of November 30, 2022. According to MBA’s estimate, 350,000 homeowners are in forbearance plans.
The share of Fannie Mae and Freddie Mac loans in forbearance increased 1 basis point to 0.32%. Ginnie Mae loans in forbearance increased 5 basis points to 1.46%, and the forbearance share for portfolio loans and private-label securities (PLS) declined 6 basis points to 0.97%.
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