• Big Dip for Forbearance Rates, MBA Reports

    4 days ago - By RIS Media

    The number of total loans in forbearance decreased by 26 basis points as of July 11-from 3.76% to 3.50%. This is the largest weekly drop since October, now leaving about 1.75 million homeowners who are currently in forbearance plans.
    By the numbers:
    - Fannie and Freddie loans in forbearance decreased 8 basis points to 1.83%.
    - Ginnie Mae loans decreased 42 basis points to 4.36%.
    - Portfolio loans and private-label securities in forbearance decreased 61 basis points to 7.33%.
    - Loans in forbearance for independent mortgage bank services decreased 19 basis points to 3.68%
    - Loans in...
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