Forbearance rate finally hits pre-pandemic levels

Servicers’ forbearance portfolio volume dropped last week to a level below 3.00% for the first time in 18 months. The total number of loans in forbearance decreased by four basis points to 2.96% as of Sept. 19, according to the Mortgage Bankers Association (MBA).       The most notable decline was … Continue readingForbearance rate finally hits pre-pandemic levels

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