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tommiegun54

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tommiegun54

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Monday, 07/06/2020 10:16:38 AM

Monday, July 06, 2020 10:16:38 AM

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FORBEARANCE DROP MOST SINCE THEY STARTED DECLINING 104,000

MORTGAGE NEWS DAILY
BY: JANN SWANSON

Forbearance Plans Resume Downtrend After Last Week's Uptick

Jul 3 2020, 9:33AM
The number of homeowners in COVID-19 forbearance dropped sharply this week, to the lowest level since the first week of May. The number of plans which hit a peak on May 22 then declined slowly over the next three weeks but shot up by nearly 80,000 loan plans during the week ended June 23. Black Knight's survey of mortgage loan servicers found a resumption of the downward trend this week, with plans falling by 104,000, the largest decline so far.
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