The total number of forbearances shifted down by three basis points from 5.23% of servicers’ portfolio volume in the prior week to 5.20% as of February 28, according to the Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey. A total of 2.6 million homeowners are in forbearance plans, MBA’s estimate shows. Meantime, there was a drop to 2.94%—an …
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