Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Ben Graboske, Black Knight’s data and analytics president, said homeowners’ equity will serve as a buffer for homeowners exiting forbearance. Of homeowners still in forbearance as of mid-August, 98% have at least 10% equity. During the last downturn, in contrast, 28% of mortgage holders were fully underwater.

“Such strong equity positions should help limit the volume of distressed inflow into the real estate market as well as provide strong incentive for homeowners to return to making mortgage payments — even if needing to be reduced through modification,” Graboske said.

https://www.housingwire.com/articles/borrowers-withdrew-63b-in-equity-in-q2/