As of June 2, some 4.73M homeowners, or 8.9% of all mortgages are in forbearance
plans, down net 34K W/W and the first weekly decline since the pandemic
began, according to Black Knight's McDash Flash Forbearance Tracker.
A decline of 43K forbearances among
government-backed mortgages from May 26 to June 2 was partly offset by
an increase of 9K forbearances among mortgage in bank portfolios and
private-label securities.
As of May 26 a significantly lower share of
homeowners in forbearance had remitted May payments (22%) than did in
April (46%), pointing to another likely rise in the delinquency rate for
May.
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