More Than a Million Mortgage Forbearances Already in Covid-19 Crisis

``MBA says its latest Forbearance and Call Volume Survey shows that the percentage of loans that have been granted forbearance jumped to 3.74 percent of all mortgages (which would put the number just over the 1 million mark assuming 26.9 million total first mortgages) during the week of March 30 to April 5, 2020 from 2.73 percent the week before. During the week of March 2, before the extent of the pandemic became clear, only 0.25 percent of mortgages were in forbearance.''