The number of active forbearance plans increased once again, a typical mid-month trend, according to Black Knight’s latest report.
As of August 24, there are 1.76 million borrowers who are still in pandemic-related forbearance plans, including 1.9% of GSE, 5.8% of FHA/VA, and 4.1% of portfolio-held and privately securitized mortgages.
Data from Black Knight’s forbearance tracker also showed that the overall number of active forbearances rose by 12,000 over the week – driven by a 10,000 spike in portfolio/PLS loan forbearances. FHA/VA volumes posted a 3,000 increase, with GSE plans (-1,000) seeing the week’s only decline.