Mortgage Forbearance Searches
Google Trends Index for search term "mortgage forbearance" peaked at the end of March 2020 at 100. In the week ending December 13, the index was 8. This trend is in line with a recent report from the MBA.
According to the Mortgage Bankers Association, the share of mortgage loans in forbearance decreases to 5.48% on December 14 from the prior measure of 5.54%
By product the share of Fannie Mae & Freddie Mac loans in forbearance decreased by 8bp to 3.26%. Federal Housing Administration (Ginnie Mae) loans decreased by 21bp to 7.68% Portfolio and Private-Label securities increased by 19bp to 8.89%.
Paul Mangione
#realestate #realestatefinance #realestatefinancing #realestateinvesting #realestateinvestment #realestatedevelopment #realestateinvestor #housingnews #homebuying #homebuyer #mortgage #mortgages #mortgagelending #mortgagetrends #mortgageindustry #consumer #consumerbehavior #business #innovation #covid19impact #covid19economy #covid19insights #covid19recovery #covid19 #covid__19 #coronavirusimpact #coronarvirus
