What’s Really Causing July Spike In Mortgage Forbearance Extensions?

What’s Really Causing July Spike In Mortgage Forbearance Extensions?

The MBA’s latest weekly forbearance survey showed that while total mortgage forbearances dropped from 8.55% to 8.18% in the past month, forbearances that received extensions spiked from 6.52% to 43.03% in the same period. Let’s take a look at what the rise in forbearance extensions means and what mortgage servicers can expect in the weeks…

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