The rate of forbearances (delaying the repayment of mortgage loans) are dropping, according to recent data released by Black Knight and Housing Wire.
HousingWire’s Kathleen Howley cites Black Knight in reporting
Numbers for mortgage forbearance applications drop
With the exception of the stock market, sometimes it’s good news when the numbers go down. According to the Mortgage Bankers Association (MBA), the number of mortgages in forbearance fell
Good news: fewer homeowners are seeking mortgage forbearance
Forbearances, the vehicle by which many of the country’s unemployed have been able to delay their mortgage payments during the pandemic, are now dropping big time. According to Black Knight
Mortgage forbearance requests slide
As more people go back to work and can pay their bills during the COVID-19 shutdowns, mortgage holders’ requests for loan forbearance has slowed considerably as well, according to Housing
Things to think about and questions to ask before jumping into forbearance
It’s not just a matter of taking the government up on its offer to postpone your mortgage payment. Doing so may find you in a murkier place than simply feeling
