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REGISTER NOW Pandemic-related mortgage payment suspensions fell again on Monday but the percentage of re-entries rose as federal officials finalized The total forbearance rate slipped 2 basis points to 3.91% and re-entries rose to 6.2% of all suspended payments, from 5.9% the previous week, according to the Mortgage Bankers Association latest report. The payment suspension rate was last this low in early April last year, when it was 3.74%. The uptick in re-entries, the Federal Housing Administration’s recent deadline extension, and a separate study that shows income reductions persist all suggest there could be one last rebound in payment suspensions before forbearance ends. “There are many people that are still sitting in deep distress,” said Makada Henry-Nickie, a fellow in governance studies at the Brookings Institution, and one of the authors of a recent report on distressed low-income homeowners affected by the pandemic.

Makada henry nickieMarina walshBrookings institutionHousing administrationMortgage bankers associationFederal housing administrationGreat financial crisisமெரினா வால்ஷ்ப்ரூக்கிங்ஸ் நிறுவனம்அடமானம் வங்கியாளர்கள் சங்கம்நன்று நிதி நெருக்கடி