Tag Archives: forbearance

Homeowners are cashing out equity like it’s 2005

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With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble. Continue reading →

Fears of pandemic-induced foreclosure wave ease

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Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this “bellwether” group have either resumed payment on their loans or paid them off. Continue reading →

Forbearance rate drops for seventh week in a row

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At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →

What the proposed CFPB rules mean for mortgage servicers

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The CFPB introduced new rules that changes the game for mortgage servicers. Experts lay out the changes that await the servicing industry. Continue reading →

New forbearance requests drop to lowest level since March 2020

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Total weekly forbearance requests as a percent of servicing portfolio volume decreased from 0.05 percent to 0.04 percent, according to the latest data from the Mortgage Bankers Association. Continue reading →

Share of homeowners who can’t pay their mortgage hits new low

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The share of mortgages in forbearance dropped below 5% in March for the first time since the beginning of the pandemic, as homeowners resuming their payments continued to outnumber new requests for relief for the fourth week in a row. Continue reading →