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Decrease in Temporary Work Hours

Detailed coverage on the drop in temporary work hours in 2023 with sector-specific insights and projections for 2024. ....

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Calculated Risk: Black Knight: Number of Homeowners in COVID-19-Related Forbearance Plans Decreased


6/04/2021 08:16:00 AM
Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.
This data is as of June 1st.
Forbearance volumes fell by 71,000 (-3.2%) week-over-week, continuing the trend of early-in-the-month declines. Decreases were seen across all investor classes, with GSE forbearances falling by 26K (-3.8%), FHA/VA forbearances falling by 28K (-3.2%) and portfolio/PLS plans declining by 17K (-2.7%) over the past seven days.
With 65,000 plans still listed with May 2020 expirations, opportunity for an additional modest decline remains for next week as well. Some 700,000 plans are listed with June expirations, marking the final quarterly review for early forbearance entrants before they reach their 18-month expirations later this year. ....

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