According to CNBC when looking at homeowners who have actively participated in forbearance programs:

  • An estimated 7.25 million borrowers have participated in forbearance programs at one point or another throughout the coronavirus pandemic, representing 14% of all homeowners with mortgages, according to Black Knight.
  • About 72% of all participants have since left their plans, while 28%, or just more than 2 million, remain in active forbearance
  • Of the 146,000 plans reviewed this week, 44,000 homeowners left forbearance, while the plans of 102,000 were extended.
Sherry Ellis