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Mortgage Applications Indicate Shift Toward First-Time Buyers

Mortgage Applications Indicate Shift Toward First-Time Buyers
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Calculated Risk

Calculated Risk
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Share Of Mortgage Loans In Forbearance Declines

The number of loans in forbearance nationwide decreased 14 basis points to 3.26% of servicers' portfolio volume as of August 8, 2021, from 3.40% in the prior week, the Mortgage Bankers Association said. The MBA’s latest Forbearance & Call Volume Survey, released Monday, estimates that 1.6 million homeowners are in forbearance plans. The share of Fannie Mae and Freddie Mac loans in forbearance decreased 5 basis points to 1.69%, while Ginnie Mae loans in forbearance decreased 23 basis points to 3.95%.

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