MBA Survey: Share of Mortgage Loans in Forbearance Increases to 0.31% in August
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The Mortgage Bankers Association (MBA) reported that the share of mortgage loans in forbearance rose to 0.31% in August 2024, affecting approximately 155,000 homeowners. This marks the third consecutive month of increases across all loan types, with Ginnie Mae loans seeing the largest rise. Despite lower forbearance levels compared to the pandemic's peak, a softening labor market may lead to more forbearance requests, according to MBA's Vice President of Industry Analysis, Marina Walsh.
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