BUSINESS
Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever
BUSINESS

Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever

Published: May 21, 2020  |  2 min read, 477 words
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USA TODAYDelinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills amid a wave of layoffs and lost income from the coronavirus pandemic.Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowners past due on mortgage payments who aren’t in forbearance, along with those in forbearance plans and who didn’t make a mortgage payment in April.At 6.45%, the national delinquency rate... READ MORE
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