According to the Mortgage Bankers Association (MBA), the share of mortgages in abstinence plans fell to 3.5% from 3.76% in the previous week. Study of Tolerance and Number of Calls…
The share of loans to Fannie Mae and Freddie Mac in deferral fell by 8 basis points to 1.83%.
Ginnie Mae’s term loans declined 42 basis points to 4.36%, while the share of deferred loans for portfolio loans and private label securities (PLS) declined 61 basis points to 7.33%.
The share of deferred loans to servicing independent mortgage banks (IMB) fell by 19 basis points to 3.68%, while the percentage of deferred loans to servicing persons of depositories fell by 36 basis points to 3.62%.
“Last week, the number of abstinence exits increased again, and the number of new requests for abstinence fell to the lowest level since March last year, resulting in the largest weekly drop in the rate of abstinence since October last year and the 20th consecutive week that it fell. says Mike Fratantoni, senior vice president. and Chief Economist MBA, in a statement. “The share of tolerance has decreased for each category of investors and service companies.
“The latest economic data on the labor market and consumer spending continues to show a robust economic recovery, which supports a further improvement in abstinence rates as more homeowners can resume payments,” he adds.
Photo: Sharon McCutchen