4.1 Million U.S. Homeowners Are Now in Mortgage Forbearance Plans

According to the Mortgage Bankers Association's most recent Forbearance and Call Volume Survey, there are now 4.1 million U.S. homeowners in mortgage forbearance plans. Based on its figures, loans in forbearance now make up 8.16% of all U.S. mortgages, up from just 2.66% on April 1.

The most recent survey covered the period from May 4 through May 10, and represents almost 77% of the first-mortgage servicing market (38.3 million loans).

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Source Fool.com