Mortgages in active forbearance rise for first time in six weeks

Oct. 02, 2020 7:02 AM ETBy: Kim Khan, SA News Editor
  • 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.

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