Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

Black Knight: Number of Mortgages in Forbearance Declines

by
November 12, 2021
in Trading News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Energy agency chief warns transition to renewables is off track, issues warning on stranded assets

Buying the dip on energy stocks? Wall Street pros name their top picks

by Calculated Risk on 11/12/2021 08:29:00 AM

This data is as of November 9th.

From Andy Walden at Black Knight: Mortgage Loans in Forbearance Drop Below 2% Entering November

Forbearance plan exit volumes increased week-over-week heading into November as the share of mortgage loans in forbearance fell below 2% for the first time since the early stages of the pandemic.

According to our McDash Flash daily mortgage performance dataset, the number of loans in active forbearance fell 123,000 (-10.8%). The week’s strongest declines were among loans held in bank portfolios and private label securities, which recorded a reduction of 59,000 (-15.9%). FHA/VA plans also showed significant improvement, declining by 48,000 (-11.3), while GSE loans in forbearance plans decreased by 16,000 (-4.8%).

As of November 9, 1.01 million mortgage holders remain in COVID-19 related forbearance plans, representing 1.9% of all active mortgages, including 1.2% of GSE, 3.1% of FHA/VA and 2.4% of portfolio/PLS loans.

Click on graph for larger image.

Nearly 300,000 borrowers have left their plans over the past two weeks down from 455,000 over the same two-week period last month as we hit the downslope of exit activity. That said, more than 250,000 plans are still listed with October/November reviews for extension/removal. Half of those are expected to reach final expiration, which could lead to continued improvement, albeit at a slower pace, in the weeks ahead.

Plan entries were down 9% from a week ago, logging one of the lowest weeks in terms of new entries since the onset of the pandemic.

emphasis added

ShareTweetPin

Related Posts

Energy agency chief warns transition to renewables is off track, issues warning on stranded assets

by
March 28, 2023
0

The current German coalition government is seeking to accelerate the country's transition away from fossil fuels and nuclear to renewable...

Buying the dip on energy stocks? Wall Street pros name their top picks

by
March 28, 2023
0

Energy was the second-best-performing sector of the S & P 500 last week, as investors flocked back into the stocks...

Most Americans think Trump did something illegal or unethical, poll finds

by
March 28, 2023
0

Former US President Donald Trump speaks at a campaign event in Waco, Texas, US, on Saturday, March 25, 2023. Brandon...

Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize

by
March 28, 2023
0

In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT Chipotle Mexican Grill has agreed to pay $240,000 to the...

4G internet is set to arrive on the moon later this year

by
March 28, 2023
0

In this article NOKNOKIA-FI Follow your favorite stocksCREATE FREE ACCOUNT Nokia hopes to install a data network on the moon...

Next Post

J&J plans to split into two companies, separating consumer products and pharmaceutical businesses

Dow futures rise more than 100 points after J&J shares pop on split news

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

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

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

All rights reserved by www.tradingconcept.net