Number of Mortgages in Active Forbearance Continues to Fall
Black Knight is reporting that the number of mortgages in active forbearance fell for the third week in a row in mid-June. According to data, the number of active forbearance plans was down 158k from the peak during the week of May 22. In addition, as of mid-June, there were, 4.6 million homeowners in forbearance plans, representing 8.7% of all active mortgages, accounting for just over $ 1 trillion in unpaid principal ($ 1,012 billion).
Click here to read the full report at Black Knight.
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