3.6 Million Homeowners Missed Mortgage Payments In April—A 1.6 Million Surge

The national delinquency rate nearly doubled to 6.45% from 3.06%, which also represents a record increase

An additional 2.4 million workers filed for temporary unemployment benefits last week , with 47% of adults reporting that they or another person in their household has lost income since mid-March. The state with the highest delinquency increase was Nevada , followed closely by New Jersey , and New York , while Miami and Las Vegas topped the 100 largest metro areas.

Under the CARES Act, homeowners experiencing financial hardship due to Covid-19 can be granted forbearance on a federally backed mortgage loan."While April saw a record single-month increase in the national delinquency rate, the data shows that the vast majority of new delinquencies represent borrowers who are currently in COVID-19-related forbearance programs," saidLenders have provided relief for homeowners affected by the coronavirus pandemic.

, MBA's Senior Vice President and Chief Economist, record-low mortgages rates are sustaining the refinance wave, helping homeowners lower their mortgage payments and save money during these challenging times.

❤❤❤❤❤❤❤❤❤❤

HousePriceMania read this. judgment day is coming for the industry. They can try and stop it but the inevitable is going to happen.

And will increase much, much more. Were well done , ”money people”, You know how to do it! In Good We Thrust? Or was it Mammon?

This means the Mortgage Companies and Landlords are now the reason for all of the travails instead of rainy day savings being the goal of many.

We’re another outbreak away from the GreatestDepression in American History! And the GOP has begun reopening without adequate testing. HowToLoseAnElection

Let’s keep the economy shut down for another 3 months, he’ll make it 6 more months! Then things will get real interesting!

Hmmm, I wonder why? 🤔

Buy Gold

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Donald Trump’s Campaign Raised $16.9 Million In AprilDonald Trump’s presidential campaign raised $16.9 million in April, according to Federal Election Commission filings by mtindera07 mtindera07 Unstoppable. Hes is changing America. If the stock markets rally with him, he has my vote. Team USA mtindera07 mtindera07 Man there are a lot of idiots out there 😂😂😂
Source: Forbes - 🏆 394. / 53 Read more »

Homeowners stopped paying mortgages in record numbers in AprilThe national delinquency rate soared to 6.45 percent in April, with another 1.6 borrowers now past due on their home payments.
Source: washingtonpost - 🏆 95. / 72 Read more »

America's largest mall is reportedly 2 months behind on a $1.4 billion loan | Markets InsiderThe Mall of America, the biggest mall in the US, has missed two months of payments on a $1.4 billion commercial mortgage-backed security, Bloomb... This may be the last mall standing.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Joe Biden’s Presidential Campaign Raised $43.7 Million In AprilJoe Biden’s campaign raised $43.7 million in April, according to Federal Election Commission filings by mtindera07 mtindera07 Oh, they take EBT ? 🤪 mtindera07 Can we see the actual funding endorsement files? That would be excellent harder than wasting tax payer earned retirement funding. mtindera07 Who gave this vegetable so much money to waste? Same suckers who funded Clinton. The taxpayers through the crooked merry go around of subsidies to rotten institutions to corrupt politicians. This has to stop!
Source: Forbes - 🏆 394. / 53 Read more »

Americans fell behind on nearly 18 million credit-card and auto-loan payments last month - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump everDelinquencies among borrowers for past-due mortgages are soaring, a sign that Americans are struggling to pay their bills due to a wave of layoffs or lost income from the coronavirus pandemic.
Source: USATODAY - 🏆 100. / 63 Read more »