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Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever

 
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05/21/2020 08:04 AM
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Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump ever
[link to www.usatoday.com (secure)]

Mortgage delinquencies surged by 1.6 million in April, the largest single-month jump in history, according to a report from Black Knight, a mortgage technology and data provider. The data includes both homeowners past due on mortgage payments who aren’t in forbearance, along with those in forbearance plans and who didn’t make a mortgage payment in April.

At 6.45%, the national delinquency rate nearly doubled from 3.06% in March, the largest single-month increase ever recorded, and nearly three times the prior record for a single month during the height of the financial crisis in late 2008, Black Knight said.





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