The national delinquency rate soared to 6.45 percent in April, with another 1.6 borrowers now past due on their home payments.
Not even during the Great Recession did delinquencies rise this fast.
The national delinquency rate soared to 6.45 percent in April, up from 3.06 percent in March and three times the previous single-month record set in 2008. The 3.6 million borrowers who are now past due on their payments is the most since 2015. The data includes homeowners who didn’t make a mortgage payment in April, including those who are in forbearance plans.The states that had the biggest increases in delinquent mortgages include: Nevada , New Jersey and New York .
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