The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.
On Friday, Black Knight issued its relief tally: 3.7 million mortgagors in forbearance as of Sept. 8, down 66,000 units for the week. The data analytics firm noted that 2 million forbearance plans are set to expire this month.
MBA: The onset of the COVID-19 pandemic had a dramatic and immediate impact on lodging and retail properties, which flowed through to the underlying mortgages...
Mortgage credit supply in August fell to its lowest level in six year, driven by a reduction in supply from both conventional and government segments t, according to a recent tally by the Mortgage Bankers Association.
MBA's Mike Fratantoni: “The share of Ginnie Mae loans in forbearance increased again ... as the current economic crisis continues to disproportionately impact borrowers with FHA and VA loans."
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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