Tagged: mortgage forbearance

Forbearance rate falls to mid-April levels

The U.S. forbearance rate fell seven basis points last week to 5.46% of servicer’s portfolio volume, according to a survey from the MBA.

The post Forbearance rate falls to mid-April levels appeared first on HousingWire.

U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends

Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic  More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute …

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The post U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance

The Department of Veterans Affairs (VA) has proposed a new loss mitigation method to help homeowners with VA loans in COVID-19 related forbearance get back on track. The new program, known as the COVID-19 Veterans Assistance Partial Claim Payment program, or COVID-VAPCP for kind of shorter, somewhat mirrors existing programs offered by the FHA and [&hellip

The post Partial Claim May Be Option for VA Borrowers Exiting COVID-19 Forbearance first appeared on The Truth About Mortgage.