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Forbearances fall at fastest pace in a year entering October

With many borrowers coming to the end of their forbearance terms, the latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) revealed that the share of loans in forbearance dropped by 27 basis points week over week entering this month, falling to 2.62% as of Oct. 3.

What’s projected next? Read the complete Scotsman Guide here.

John A. Rodriguez

John A. Rodriguez is a Senior Mortgage Banker with iFinance Mortgage Inc. His passion is educating families and individuals to better understand the home loan process, to secure the best financing available, and then to protect their mortgage. Contact John today at jrod@ifminc.com or 949-456-7056! LinkedIn: http://ow.ly/fttL50xQAUi

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