Mortgage Forbearance Hits 6.99%; Servicers Seen Having Sufficient Liquidity

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.

For the full report, please contact your Cowen representative or get in touch using the email address below.