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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 68 May 2025 J O U R N A L in loan workouts—particularly those with FHA loans—are having difficulty staying current." The percentage of servicing volume with loan workouts (completed in 2020 or after) was 6.47% in March 2025, slightly down from 6.49% the previous month and up from 6.11% one year ago. Total completed loan workouts from 2020 and onward (repayment plans, loan deferrals/partial claims, loan modifica- tions) that were current as a percent of total completed workouts increased to 67.83% in March 2025, up 147 basis points from 66.36% the prior month and down 765 basis points from 75.48% one year ago. By reason, 76% of borrowers are in forbearance for reasons such as a tempo- rary hardship caused by job loss, death, divorce, or disability. Another 21.4% are in forbearance because of a natural disaster. The remaining 2.6% of borrowers are still in forbearance because of COVID-19. By stage, 64.0% of total loans in forbearance are in the initial forbearance plan stage, while 17.6% are in a forbear- ance extension. The remaining 18.4% are forbearance reentries, including reentries with extensions. Total loans serviced that were cur- rent (not delinquent or in foreclosure) as a percent of servicing portfolio volume (#) was 95.56% in March 2025, up 40 basis points from 95.16% the prior month (on a non-seasonally adjusted basis), and down 35 basis points from 95.92% one year ago. The five states reporting the highest share of loans that were current as a per- cent of servicing portfolio included: » Washington » Idaho » Alaska » Oregon » Colorado The five states reporting the lowest share of loans that were current as a per- cent of servicing portfolio included: » Louisiana » Mississippi » Indiana » West Virginia » Alabama WHERE ARE PROPERTIES MOST VULNERABLE TO SPRING STORMS? G uidewire has released its updat- ed spring weather and climate risk assessments to help insur- ers and homeowners better understand property vulnerabilities to tornadoes, hail, lightning, and f looding. Each spring, particularly across the central and southeastern United States, a volatile mix of warm, moist air and cold, dry systems can quickly esca- late into violent tornadoes, damaging hailstorms, and dangerous f looding. According to Guidewire HazardHub, these seasonal perils account for a growing share of property damage and insured losses nationwide. Spring is the peak season for torna- does, including the most violent events rated EF4 and EF5. According to the HazardHub Tornado Risk Score, ap- proximately 4.8 million housing units in the United States—or 3.4% of all homes—are located in areas classified as high or very high risk for tornadoes. HazardHub's analysis of NOAA tornado data shows the United States experienced 1,796 tornadoes in 2024, the second-most active year on record, following 2004. Over the past 15 years, April, May, and June have consistently been the most active months for torna- does, accounting for the highest total number and the most severe events (EF4 and EF5). According to Hazard- Hub analysis: » April: 4,180 tornadoes (monthly average), including 30 EF4 or EF5 tornadoes » May: 4,244 tornadoes (monthly aver- age), including 24 EF4 or EF5 » June: 2,900 tornadoes (monthly aver- age), including 17 EF4 or EF5 The United States typically experi- ences more violent tornadoes than any other country, with the greatest concen- tration in the central region known as Tornado Alley. While traditionally de- fined as northern Texas, Oklahoma, and Kansas, this high-risk zone has expanded eastward in recent years to include much of the Southeast and Ohio Valley. Top States for Tornadoes (2020– 2024) » Mississippi (115 per year) » Texas (96 per year) » Alabama (90 per year) Tornadoes caused $1.37 billion in property damage nationwide in 2023. Their destructive power often results in