Kerry Jackson
Kerry Jackson
REAL ESTATE UPDATE

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FORBEARANCE RATE DROPS TO 6.81%


 

About 3.4 million homeowners remain in COVID-19 related forbearance plans. 

  • 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 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 point to 9.16%. 
  • About 29% of total loans in forbearance are in the initial plan stage, while 70% are in a forbearance extension. The remaining 1.4 are forbearance re-entries.

 











Source: HousingWire.com
























     
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Kerry Jackson 
(626) 808 2500
Info@KerryJacksonRealEstate.com
CAL DRE#: 01977527

         



               

   



 
Kerry Jackson 
(626) 808 2500
Info@KerryJacksonRealEstate.com
CAL DRE#: 01977527




   



   



 
Kerry Jackson 
(626) 808 2500
Info@KerryJacksonRealEstate.com
CAL DRE#: 01977527