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Mortgages Forbearance Requests Slow

Mortgage News > Mortgages Forbearance Requests Slow
Date: 06/09/2020    Mortgages Forbearance Requests Slow

Although the total number of U.S. mortgages in forbearance grew to 4.3 million last week, the pace of new requests is slowing down, according to the Mortgage Bankers Association. During the week ended May 31, 8.53% of all home loans were in forbearance, up slightly from 8.46% the week before. Yet as Americans return to the workforce following coronavirus shutdown, fewer homeowners are asking for help each week, with eight straight weeks of falling requests.

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