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Forbearances plunge

Category: RMBS ABS

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Fresh data reveals biggest drop in forbearances in a year

The largest drop in the number of US mortgages in forbearance in 12 months was recorded last week in the seven days ending October 4 according to Black Knight data released today.

Active forbearance plans fell by 177,000, or 11%, with healthy declines recorded across all investor classes. There has been a reduction of forbearances of 294,000 in the last 30 days, which is the fastest monthly rate of improvement since October 2020.

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