Tag Archives: Unemployment

While overall mortgage servicers’ portfolio volume of loans in forbearance continues to dwindle, Ginnie Mae loans in forbearance increased in August, with approximately 360,000 U.S. homeowners currently in forbearance plans.

MBA reports the overall forbearance rate in June nearly plateaued, with just a four-basis-point month-over-month decline, as approximately 405,000 homeowners in the U.S. remain in forbearance plans.

ATTOM reports foreclosure activity creeping up over the first six months of the year, rising 153% year-over-year, but down just 1% from pre-pandemic times of just two years ago.

Releasing its new Special Housing Risk Report, ATTOM Data spotlights county-level data revealing that areas in California, Illinois, and New Jersey have the highest concentrations of counties that are in danger of economic declines in the near future.  Basing their ...

After peaking at 4.3 million at the height of the pandemic in June 2020, nearly two years later, an estimated 525,000 U.S. homeowners remained in forbearance plans in March.

As new home sales experienced a decline in February, the 20.4% rise in building materials year-over-year is being passed on to the consumer and pricing many out of the market.

Despite the overall national forbearance rate nearing the 1% mark, the rate of forbearance exits reached another low since MBA began tracking exits in June 2020.

In a recent DS News-hosted webinar, housing experts discuss delinquency, strategies around exiting forbearance, and the projected status of the housing market for 2022.

A combination of increased inventory and rising rates will play a role in weakening the housing market over the next 12 months.

Improvements in the nation’s jobs numbers have increased the number of forbearance exits as estimated total of just one million homeowners remain in forbearance plans.