We're seeing this in Colorado also where prime loans have become much more common among borrowers calling the Colorado Foreclosure Hotline.
According to Housingwire.com:
Mortgage industry professionals saw a record number of mortgages enter some form of workout plan in April as foreclosure moratoriums at government-sponsored enterprises began to expire.
Prime mortgages now account for more than half of the industry’s efforts.
The mortgage industry modified 127,000 mortgages in April, down from 133,910 a month earlier. With another 142,831 mortgages in repayment plans, the industry put a record 269,831 mortgages in workout during the month, according to a survey conducted by HOPE NOW, the alliance of mortgage industry professionals.
See full article.