US home-mortgage delinquencies surge to the highest level in 9 years
US home mortgage delinquencies surged to the highest level since November 2011, according to a Monday report from Black Knight.
Total borrowers more than 30 days late skyrocketed to 4.3 million in May from 3.4 million in April, the report showed.
In addition, more than 8% of all US mortgages were past due or in foreclosure, according to Black Knight.
Read more on Business Insider.
The number of US home mortgage delinquencies has surged to the highest level in nine years as the coronavirus pandemic continues to hit family finances.
Total borrowers more than 30 days late surged to 4.3 million in May after a record jump to 3.4 million in April, according to a Monday report from Black Knight. In addition, more than 8% of all US mortgages were either past due or in foreclosure, the report showed. See the rest of the story at Business Insider
NOW WATCH: Pathologists debunk 13 coronavirus myths
US weekly jobless claims hit 1.5 million, bringing the 13-week total to 46 millionMay’s blockbuster retail sales report overshadowed shifting consumer trends that could widen inequality in the USHomebuilder sentiment posts a record jump in June, signaling a housing-market rebound from the coronavirus pandemic
Original Source: feedproxy.google.com
Visited 407 Times, 1 Visit today