Has the mortgage forbearance curve flattened?

22 May 2020 6:21 AM | Jennifer Crowell (Administrator)

Has the mortgage forbearance curve flattened?


Overall forbearance rate still rising, but at slowest pace since crisis began


It’s been nearly two months since the number of borrowers who need forbearance on their mortgage began spiking due to coronavirus shutdowns, but it looks like the forbearance curve may be flattening.


New data from the Mortgage Bankers Association shows that the overall rate of forbearance is still on the rise, but the rate at which that figure is increasing has slowed to the lowest level since the crisis began.


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