Forbearance rate drops to 6.81%, MBA says
Housing Wire
OCTOBER 5, 2020
The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week, MBA said in a report on Monday. The forbearance rate for Fannie Mae and Freddie Mac loans dropped seven basis points to 4.39%, while the rate for Ginnie Mae loans that include loans backed by the Federal Housing Administration increased one basis poin
Let's personalize your content