Forbearance declines at the fastest pace in a year
Loans in forbearance decreased by 27 basis points to 2.62%; Ginnie Mae portfolio, finally, is below 3%, shows MBA
How to Come Out of Mortgage Forbearance
Mortgage forbearance offered much-needed relief to millions of homeowners during the coronavirus pandemic, but now many borrowers are leaving the programs. The CARES Act established forbearance programs last year for federally backed mortgages, but private lenders and servicers often provided their own options.