Mortgages in active forbearance had largest weekly drop since pandemic start

  • The number of mortgages in active forbearance fell by 649K for the week ended Oct. 2, cancelling the slight uptick of prior week, according to Black Knight’s McDash Flash data.
  • That marks the largest single-week decline since the start of pandemic.
  • As of Oct. 2, 2.97M homeowners remain in COVID-19-related forbearance plans, or 5.6% of all active mortgages, down from 6.8% in the previous week as the first wave of forbearances from April are hitting the end of their initial six-month term, Black Knight says.

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