Number of Mortgages in Active Forbearance Continues to Fall

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Black Knight is reporting that the number of mortgages in active forbearance fell for the third week in a row in mid-June.  According to data, the number of active forbearance plans was down 158k from the peak during the week of May 22.  In addition, as of mid-June, there were, 4.6 million homeowners in forbearance plans, representing 8.7% of all active mortgages, accounting for just over $1 trillion in unpaid principal ($1,012 billion).

Click here to read the full report at Black Knight.

 

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Director of Education & Outreach, National Real Estate Investors Association

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