Share of Mortgage Loans in Forbearance Decreases by 1.18% in February
Industry Update
March 21, 2022
Source: MBA.org
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 12 basis points from 1.30% of servicers’ portfolio volume in the prior month to 1.18% as of February 28, 2022. According to MBA’s estimate, 590,000 homeowners are in forbearance plans.
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