Delinquent mortgages spike to the highest level in 21 years as COVID-19 stress freezes payments

Delinquent mortgages spike to the highest level in 21 years as COVID-19 stress freezes payments

Business Insider

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· *The share of mortgage payments that have changed from current to 30 days past due has spiked from below 1.0% at the start of 2020, to 3.4% in April, representing the highest reading in 21 years, according to CoreLogic.*
· *The spike comes as COVID-19 has caused millions of Americans to seek unemployment benefits and the...

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