A new report from the Mortgage Bankers Association shows that about 4.2 million homeowners were in forbearance programs as of June 21.
In a world with precious little good news, here’s a small ray of sunshine: The number of mortgages in forbearance has dipped for the second straight week.
That’s according to a new report, out Monday, from the Mortgage Bankers Association (MBA). The report found that as of June 21, the total number of loans in forbearance dipped by 1 basis point, from 8.48 percent to 8.47 percent. In total, the MBA estimates that those numbers meant 4.2 million homeowners were in forbearance programs — down from 4.3 million earlier in June.
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