Magical Trade
Monday, July 4, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Black Knight: Number of Mortgages in Forbearance Declines

by
November 5, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Rooftop shooter kills at least 6 at July Fourth parade in Chicago suburb, gunman still at large

A REIT With Large Total Return Potential and a Generous Current Yield

by Calculated Risk on 11/05/2021 04:10:00 PM

Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.

This data is as of November 2nd.

From Andy Walden at Black Knight: October Forbearance Exits Pick Up Pace in Final Week of Month

Improvement in the number of active COVID-19 forbearance plans continued this week as early entrants bumped against final expirations.

According to our McDash Flash daily mortgage performance dataset, the number of loans in active forbearance fell 85,000 (-6.9%). The week’s strongest declines were seen in FHA/VA plans, which marked a 42,000 (-9%) plan reduction. Strong improvement was also observed among GSE plans, which declined by 22,000 (-6%), as well as those held in bank portfolios or private label securities, (-21,000, -5.3%).

As of Nov. 2, 1.14 million mortgage holders remain in COVID-19 related forbearance plans, representing 2.1% of all active mortgages, including 1.2% of GSE, 3.5% FHA/VA and 2.8% of portfolio/PLS loans.

Click on graph for larger image.

Active plans are now down 332,000 (-23%) from the same time last month, as the first wave of forbearance entrants continue to reach their final expirations. Further improvement is likely next week as well, given the 129,000 reviews still scheduled for October, 75% of which are expected to be final expirations.

Finally, forbearance plan starts decreased 8% this week, with plan restart activity falling to its lowest level since early October.

emphasis added

ShareTweetPin

Related Posts

Rooftop shooter kills at least 6 at July Fourth parade in Chicago suburb, gunman still at large

by
July 4, 2022
0

HIGHLAND PARK, IL: First responders work the scene of a shooting at a Fourth of July parade on July 4,...

A REIT With Large Total Return Potential and a Generous Current Yield

by
July 4, 2022
0

Macerich (MAC) owns and operates Class A (high-end) malls spread across the United States. Like all mall owners, its business...

The Stock Market Is Closed Today. It’s Dropping Anyway.

by
July 4, 2022
0

Text size The stock market roller-coaster ride continued Monday even with trading in the U.S. closed for the Fourth of...

House Price Declines: How Long for Real Prices to Recover?

by
July 4, 2022
0

by Calculated Risk on 7/04/2022 01:39:00 PM Today, in the Calculated Risk Real Estate Newsletter: House Price Declines: How Long...

Akron, Ohio, sets downtown curfew, cancels fireworks in wake of Jayland Walker protests

by
July 4, 2022
0

Demonstrators hold "Justice for Jayland" signs as they gather outside Akron City Hall to protest the killing of Jayland Walker,...

Next Post

My husband bought a home with his brother for $350K, but stopped paying the mortgage in 2012. Now it’s worth $700K. How should they split the proceeds?

You Can Now Save More For Retirement: Here’s Your 2022 401(k) Increase

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • These are the global stocks to own if stagflation hits, according to Credit Suisse

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net