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Mortgages in Forbearance Falls for Third Week

Mortgage News > Mortgages in Forbearance Falls for Third Week
Date: 07/08/2020    Mortgages in Forbearance Falls for Third Week

Only 8.39% of all U.S. home loans are in forbearance, a decrease from 8.47% last week and the third straight week of declines, according to the Mortgage Bankers Association. The current percentage works out to roughly 4.2 million homeowners. The MBA says the continued drop was in response to improvements in the job market and they expect the number of loans in forbearance to keep falling in the coming months.

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