Black Knight: 8.8% Of Active Mortgage Universe In Forbearance – NMP
Industry News

Black Knight: 8.8% Of Active Mortgage Universe In Forbearance

May 15, 2020
Photo credit: Getty Images/designer491

Black Knight’s latest McDash Flash Forbearance Tracker reports that, as of May 12, approximately 4.7 million homeowners are now in forbearance programs with their servicers, up from 4.5 million one week prior. In total, the latest forbearance totals equate to 8.8% of the entire active mortgage universe, in excess of $1 trillion in unpaid principal, accounting for 7% of all GSE-backed loans and 12.4% of FHA/VA loans.
 
Black Knight notes that the growth in new forbearance plans has slowed considerably, averaging just under 26,000 per day over the past week, an 85% reduction seen since early April. Black Knight is also projecting that 4.9 million loans could be in forbearance by the end of May (9.2% of active mortgages), and just under five million in forbearance (9.4%) by the end of June.
 
Earlier this week, Fannie Mae and Freddie Mac announced new payment deferral options allowing borrowers who are in forbearance due to COVID-19 and can return to making their normal monthly mortgage payment, the ability to repay their missed payments at the time the home is sold, refinanced or at maturity.
 
Black Knight’s McDash Flash daily data set and suite of solutions provides a timely view of the impact of the COVID-19 pandemic on the U.S. mortgage market.
Black Knight’s latest McDash Flash Forbearance Tracker reports that, as of May 12, approximately 4.7 million homeowners are now in forbearance programs with their servicers
 
About the author
NationalMortgageProfessional.com
Link copied
Published
May 15, 2020
Get the NMP Daily
Analysis and Data
Mortgage Payments Rise 13% As Home Sales Slide: Zillow

Zillow reports the steepest annual drop in newly pending home listings since 2023, adding pressure to an already weakening purchase market

Home prices are barely rising, inventory is growing, and buyers have more negotiating power. Yet the cost of financing a home is moving in the opposite direction, leaving mortgage lenders facing an increasingly difficult purchase market.The typical monthly mortgage payment r...

Continue reading
People On The Move
MaxClass Names Carrie Read Director of Compliance

Read brings more than 20 years of experience in lending operations, risk management, and regulatory compliance to the education provider

MaxClass has appointed Carrie Read as director of compliance, bringing more than two decades of mortgage industry experience to the company's education and consulting operations.Read most recently served as senior vice president of compliance, risk, and operations at Lenderw...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Industry News
Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026