September 17, 2021

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Mortgage News

Black Knight sees mid-month increase in forbearances

The number of active forbearance plans rose again, a typical mid-month trend, according to the latest report from Black Knight.

As of August 1, there were 1.76 million borrowers still on pandemic moratorium, including 1.9% from GSE, 5.8% from FHA / VA and 4.1% of portfolio mortgages and privately securitized mortgages.

Data from Black Knight’s forbearance tracker also showed that the total number of active forbearances rose by 12,000 over the week – driven by a 10,000 increase in portfolio / PLS loan forbearances. FHA / VA volumes saw a 3,000 increase, with GSE plans (-1,000) seeing the only drop of the week.