And forbearance provisions in the CARES Act to homeowners with mortgages securitized by the GSEs or Ginnie Mae (around 65 percent of outstanding mortgages in the United States) have, so far, helped prevent foreclosures, which also supports home prices. The share of mortgages in forbearance rose above 8 percent last spring, but it has since fallen to below 6 percent.
And of those loans in forbearance, about one in six are  -9current in their payments, reflecting the broader economic recovery. 6 This improvement has not been uniform, though, and the decline in the forbearance rate for loans in Ginnie Mae pools has been slower than those in GSE pools.