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JACKSON FINANCIAL ADVISORS

Members of D.A. Davidson & Co.

Number of Homeowners in COVID-19-Related Forbearance Plans Falls for First Time

"Active forbearance volumes decreased by a net 34,000 over the past week, marking the first weekly decline since the crisis began. 

 

...According to the McDash Flash Forbearance Tracker, as of June 2, 2020, 4.73 million homeowners – or 8.9% of all mortgages – are in COVID-19 mortgage forbearance plans. 

 

...as of May 26 a significantly lower share of homeowners in forbearance had remitted May payments (22%) than did in April (46%), pointing to another likely rise in the delinquency rate for May.

 

(Number of Homeowners in COVID-19-Related Forbearance Plans Falls for First Time Since Crisis Began; 8.9% of All Mortgages Now in Forbearance dated June 5, 2020 via Black Knight Inc press release)

 

Full article can be found here: https://www.blackknightinc.com/black-knight-number-of-homeowners-in-covid-19-related-forbearance-plans-falls-for-first-time-since-crisis-began-8-9-of-all-mortgages-now-in-forbearance