Tuesday, 4 October 2022 | The Latest Buzz for the Appraisal Industry

May Numbers Show 425,000 Homeowners in Forbearance Plans, MBA Reports

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey shows that the total number of loans now in forbearance decreased by 9 basis points from 0.94% of servicers’ portfolio volume in the prior month to 0.85% as of May 31, 2022. According to MBA’s estimate, 425,000 homeowners are in forbearance plans.

The share of Fannie Mae and Freddie Mac loans in forbearance decreased 5 basis points to 0.38%. Ginnie Mae loans in forbearance decreased

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