Almost One-Quarter of Homeowners in Forbearance Are Still Paying
- Of the 3.4 million homes in forbearance, 820,000 are current
- Jobs, more than unemployment benefits, are key for improvement
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The forbearance issue that hangs over the mortgage bond market may actually be better than it seems at first glance.
Almost one quarter of all homeowners who have demanded forbearance are still current on their mortgages as of Sept. 6, according to the latest Mortgage Bankers Association data. Of the 3.4 million households currently in forbearance, roughly 820,000 have not missed a payment.