Ginnie Mae loans lead drop in forbearance to 4.66%
Housing Wire
APRIL 12, 2021
Servicers’ total number of loans in forbearance fell a whopping 24 basis points to 4.66% of portfolio volume during the first full week of April, according to a survey from the Mortgage Bankers Association – one of the biggest drops in the history of the series. Ginnie Mae loans in particular dipped a massive 45 bps to 6.33% while Fannie Mae and Freddie Mac’s forbearance share shrunk even smaller last week, down to 2.52% – a 20 bps improvement.
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