Posted To: MND NewsWireThe number of COVID-19 related forbearances plans headed downhill at an increasing pace over the last few week although there is no guarantee the improvement will continue. Black Knight says there was another 4 percent decline , representing 121,000 loans, over the past week. This brings the improvement in the number of plans since just the first of November to 416,000 loans or 9 percent. As of November 10, there were 2.735 million loans remaining in plans. This represents 5.2 percent of the 53 million active mortgage loans in servicer portfolios and an aggregate unpaid principal balance of $559 billion. Of the loans still in active forbearance, 81 percent have had their terms extended at some point since March. Black Knight attributed the decline to servicers addressing the bulk of remaining…(read more)Forward this article via email:  Send a copy of this story to someone you know that may want to read it.