After a Three- Week Decline, Mortgage Forbearance Grows Again
Mortgage forbearance is once again trending upward after largely declining through most of June, according to the mortgage tracking company Black Knight (NYSE: BKI).
Active forbearance plans, when homeowners delay their monthly mortgage payment, rose 79,000 from last week.
Total forbearance plans reached 4.68 million as of June 23, according to Black Knight, amounting to 8.8% of all active mortgages. Collectively, these plans equal more than $1 trillion in unpaid principal on home loans.
Source Fool.com