Forbearance predictably declined across the board last week as exits accelerated, but more borrowers are going into plan modifications because they are still struggling to recover their pre-pandemic ...

The CFPB established temporary special safeguards to ensure that borrowers have time before foreclosure to explore other options of repayment, including loan modifications and selling their home. More ...

A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry’s loss mitigation toolkit, rather than only a ...

Mortgage forbearance is a short-term agreement between a borrower and a mortgage servicer to pause or reduce mortgage payments. Typically, forbearance lasts no longer than 12 months. You can use it to ...

Banks and mortgage servicers have been expecting an avalanche of requests for loan modifications when federal mortgage forebearance rules were announced last year. But the further out the deadline ...

Forbearance rate drops to 0.26%, indicating continued resilience in servicing portfolio performance. The Mortgage Bankers Association says there was a three basis point decrease in the total number of ...