Black Knight Says Forbearance Volume Up Slightly in May

BY  ON MAY 25, 2021

Black Knight says forbearance volumes rose by 16k (+0.74%), in May, which they say is only the second increase over the past 12 weeks. As of mid-May there were 2.18 million (4.1% of homeowners) mortgages remaining in COVID-19-related forbearance plans. Click here to read more.

However they do point out that nearly 190k plans are still listed with May 2021 expiration dates.

“Plan starts were driven up this week thanks mostly to an increase in restart activity, which was expected for the middle of the month and amidst the large volume of removals we’ve seen in recent months. Removals also fell to their lowest level since February, driven by the low volume of review activity that took place this week.”

active forbearance plans may 2021Click here to read the full report at Black Knight.

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  • Hamza Ashfaq
    published this page in Updates 2021-06-07 07:14:34 -0600