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Mortgage Forbearance Hits 6.99%; Servicers Seen Having Sufficient Liquidity

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The Mortgage Bankers Association released the latest mortgage forbearance data, which shows that 6.99% of borrowers have sought payment relief. In this report, Jaret Seiberg explores the impact of increased forbearance and actions the Federal Housing and Finance Agency and the Consumer Financial Protection Bureau has taken. Seiberg also highlights other indicators of how the forbearance rate will perform in the upcoming week.

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