MGIC Investment Corp. (MTG)

[tommiegun54]

THE PACE OF HOMEOWNERS LEAVING FORBEARANCE PROGRAMS IS ACCELERATING

"The share of loans in forbearance decreased for the fourth straight week, dropping below 5 percent for the first time in a year. New forbearance requests remained at their lowest level since last March, and the pace of exits increased," said Mike Fratantoni, MBA's Senior Vice President and Chief Economist. "More than 17 percent of borrowers in forbearance extensions have now exceeded the 12-month mark."

https://www.mba.org/2021-press-releases/march/share-of-mortgage-loans-in-forbearance-decreases-to-496-percent