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Mortgage Delinquencies Hit 8-Year High

Mortgage News > Mortgage Delinquencies Hit 8-Year High
Date: 06/24/2020    Mortgage Delinquencies Hit 8-Year High

More than 4.3 million U.S. homeowners in May were behind on their payments by 30 days or more, according to Black Knight Inc., accounting for 8% of all loans and the highest level since November 2011. As the effects of the coronavirus continue to plague the nation, millions of Americans are unemployed and unable to make their mortgage payments. And the number of those in forbearance plans who are making payments dropped to just 15% in the first half of June, down from 28% in May and 46% in April.

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