Mortgages in active forbearance rise for first time in six weeks

• The number of mortgages in active forbearance rose by 28K for the week ended Sept. 22, ending a streak of six-straight weeks of declines, according to Black Knight's McDash Flash data.
• The number of homeowners in COVID-19-related forbearance stays at 3.6M, or 6.8% of all active mortgages, the same as a week ago.
• That represents $751B in unpaid principal, also the same as the week-ago period.
• The weekly rise driven by a 28K rise in portfolio-held and private labeled security loans, a 2K rise in FHA/VA loans, offset by a 9K decline in GSE forbearances.