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tommiegun54

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tommiegun54

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Wednesday, 01/20/2021 9:04:43 AM

Wednesday, January 20, 2021 9:04:43 AM

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FHFA CREATES "PERFECT STORM" BY EXTENDING FORECLOSURE MORATORIUM TO FEBRUARY 28, 2021

With 2.7 million loans in forbearance program largely due in March 31, 2021, the FHFA extends Foreclosure Moratorium one month to February 28, 2021.

"The Mortgage Bankers Association's latest Forbearance and Call Volume Survey revealed this week that the total number of loans now in forbearance decreased from 5.46% of servicers' portfolio volume in the prior week to 5.37% as of January 10, 2021. The MBA also estimates 2.7 million U.S. homeowners are in forbearance plans."

https://www.mba.org/2021-press-releases/january/share-of-mortgage-loans-in-forbearance-remains-flat-at-553-percent
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