Forbearances fall at fastest pace in a year entering October

With many borrowers coming to the end of their forbearance terms, the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that the share of loans in forbearance dropped by 27 basis points week over week entering this month, falling to 2.62% as of Oct. 3.

What’s projected next? Read the complete Scotsman Guide here.