The latest Mortgage Bankers Association survey shows nearly 4 million homeowners’ mortgages are now in forbearance.

The latest Forbearance and Call Volume Survey, for the week ending April 26, shows mortgages backed by Ginnie Mae had the largest overall share of loans in forbearance by investor type, at 10.45 percent. The number of loans in forbearance for depository servicers rose to 8.41 percent, while the number of loans in forbearance for independent mortgage bank servicers increased to 7.13 percent. Those figures are up from 9.73 percent, 7.87 percent and 6.52 percent, respectively, for the week ending April 19. The share of Fannie Mae and Freddie Mac loans in forbearance increased relative to the prior week, from 5.46 percent to 5.85 percent, and Fannie Mae said in earnings released last week that it around 1 million of its mortgages were in forbearance as of April 20.

Across the country, 7.54 percent of mortgages are now in forbearance, up from 6.99 percent the week before, for a total of 3.8 million mortgages in forbearance. By comparison, only 0.25 percent of all loans were in forbearance for the week of March 2.

However, the pace of new requests for forbearance has slowed, from 1.14 percent to 0.63 percent. The percent of calls to servicers related

“With millions more Americans filing for unemployment over the week, the level of job market distress continues to worsen. That is why we expect that the share of loans in forbearance will continue to grow, particularly as new mortgage payments come due in May,” MBA Senior Vice President and Chief Economist Mike Fratantoni said in a statement. “As states across the country begin to re-open their economies, a silver lining we are seeing is indications of increased activity in the housing market, including more purchase applications in some markets. We are hopeful that the housing market can eventually contribute to a broader rebound in economic activity, which would then begin to reverse the unprecedented job losses experienced during this crisis.”