Posted To: MND NewsWire
The past week saw a moderate drop in the number of loans in forbearance, but Black Knight, in its report for the week ended June 29, said the upcoming weeks could see much more significant improvement. The number of loans declined for a net of 6,000 with the number of loans serviced for Fannie Mae and Freddie Mac (the GSEs) declining by 5,000 and FHA/VA loans by 1,000. However, there was again an uptick, by 1,000, tin those serviced for bank portfolios and private label securities (PLS) investors. Black Knight said that it expects many more program exits soon. About 218,000 plans were due for review by June 30. For many homeowners, early entries into forbearance, this will be their final quarterly review before their 18 months of protection ends. Of the 146,000 plans that were reviewed over…(read more)
