Forbearance: A rather miniscule "jump," but wait, there's more...

 

That “jump” works out to be a 0.6% blip. 

More importantly for those paying attention...

1. While the overall rate is 6.8%, over 11% of FHA and VA loans are in forbearance. The Fannie and Freddie contingent is now under 5%.
2. Over 3 out of 4 loans in active forbearance had their terms extended at some point since March.

A good portion of homeowners initially choosing forbearance had continued to pay on time and subsequently exited after their initial, mainly 3-month, terms had expired. Those remaining really do need the plans.

More details from Black Knight