The latest data from the McDash Flash Forbearance Tracker shows that the surge in mortgage forbearance plans has tapered off.

Estimated Monthly Advances 

Estimated monthly advances black knight 2020-05-22

Key Points

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  • As of May 19, 2020, 4.75 million homeowners , 9.0% of all mortgages, have entered into COVID-19 mortgage forbearance plans.
  • The unpaid principal balance is over $1 trillion.
  • An estimated 7.1% of all GSE-backed loans and 12.6% of FHA/VA mortgages are now in forbearance.
  • The rate of increase has now declined by 93% from the first week of April when the number of active forbearance plans increased by nearly 1.4 million in a single week.

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