COVID Is Still Raging in Texas. Time to Open the Bars, Leaders Say. - Mortgage delinquencies surge by 1.6M in April, the biggest monthly jump eve

Delinquencies 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.

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.

Get me out of here!: Americans flee crowded cities amid COVID-19, consider permanent moves

Do I qualify for coronavirus relief?: Struggling borrowers must contact lenders for forbearance or deferment options

For context, it took more than 18 months before the first 1.6 million homeowners became delinquent during the Great Recession, says Andy Walden, economist and director of market research at Black Knight. And there is still potential for a second wave of delinquencies in May, he added.

“The impact of COVID-19 on the housing and mortgage markets has already been substantial," Walden says. "It will be some months before we can gauge the full extent of that impact. Whatever the ultimate scope, it is almost certain the effects will resonate for many months to come.”

The CARES Act, passed in March, allows homeowners to suspend their mortgage payments for up to a year on federally-backed mortgages. But it doesn’t protect mortgages that aren’t backed by the government, which make up about half of all mortgages in the U.S.

About 3.6 million homeowners were past due on their mortgages at the end of April, the most since January 2015 as households face financial hardship. That included the roughly 211,000 borrowers who were in active foreclosure.

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The problem, according to conversations with residents, business owners, and health experts in the state, is that Texas is experiencing outbreaks in both rural areas with meatpacking facilities and prisons, as well as some of its biggest counties, like Houston, the fourth-largest city in the country. The fear was that isolated signs of progress and unsteady measurements were being used to justify aggressive, top-down reopening, putting millions in danger.

“Today was our deadliest day ever in Dallas County, and we haven’t seen a decline yet in anything,” Dallas County Judge Clay Jenkins told The Daily Beast on Tuesday. “You have to ask yourself not what is legal but what is safe.”

According to state data, two weeks into its first phase of reopening restaurants and retail stores, Texas last Thursday reported its largest daily increase in both coronavirus cases and deaths. Gov. Abbott justified the continued progress by citing metrics like steadying hospitalizations and infection totals, and some areas have shown genuinely promising signs of calm.

Still, May 14 marked the seventh straight day with 1,000 new coronavirus cases in the state. The numbers have remained fairly stable—and high—since, with 1,219 new cases overnight on Wednesday, and case totals reached 50,552, with 1,388 deaths, according to the Johns Hopkins University Coronavirus Resource Center.

"Raging", OP?

63 covid deaths in San Antonio and I think our communist mayor extended our lockdown again. City of almost 2.0 million. I don't even pay attention anymore. I just go around without a mask and just smile at the sheep staring back at me. LOL

It's OVER man!

It was a dud...

I did.

Certain you want to take issue?

Texas

And fix your dam border with Mexico dam narcissists Texans

Covid cases are still increasing in the Mid-Atlantic area.

Lies! I live by a major hospital with family members working at them. It wasn’t bad. It was practically empty. People have been living their lives around here. Some worry but most never did.

Nothing burgers.. nothing is RAGING.

I live in N. Texas, and the blase attitude taken by most that I see is mind-numbingly stupid.
Our cases are shooting up, and that's even with the number-tampering. Inconclusive antibody tests are being used as a reason to open... thanks for nothing Greg Abbott.
This is the same dipshit who cut funding for a program which taught disabled kids how to take care of themselves, which would have made them into self-sufficient adults! Right on par for Abbott.

... that was because of lockdown measures. Now that they're lifted, we are seeing a steady increase.
Pray for your family, and ask God for forgiveness for sacrificing them for a damn cheeseburger.

Hmmm, I live in Texas and its been business as usual for about the lasts 3 weeks. No raging here.

Agreed and when I leave the house not a damn person is practicing social distancing either.

Raging ? Most Everybody is probably going to test positive by August, isolation or not. Out of 100 testing positive, 30 get mild symptoms ,10 need to go see a doctor for meds (just like for the flu) and about 2 end up in dying due to poor health or very weak immune system. 70 out of those hundred get the sniffles.

I know not one person in texas with covid. More lies.

But a damn fine cheeseburger it is. Sitting in Ohio under lockdown, I said to myself, “I would kill for a whattaburger.” So off I drove to spread my pretend poison breath across the state of Texas.

The daily beast, REALLY???

Houston here... still don't have it, still don't know anybody who knows anybody that has Corona.

600 people at my factory. All healthy.

Went to local clinic, saw my family doctor. He feels "lucky" that they've not had any cases yet.

WTF is it with all this fakery?

www.dailybeast.com

There are cases in some prisons but its hardly raging.

A few old sick people have died. Prisoners generally get no Vitamin D, little Healthcare or exercise and have terrible diets.

If its not killing prisoners in massive numbers, there is nothing to be alarmed about.

Flu kills way more in the winter every year.

Lack of air conditioning in the summer kills far more people in Texas prisons but nobody cares about that.

Anyway the lockdown was only about flattening the curve.

Texas has 48000 beds available

And 1700 patients in hospitals for coronavirus

Plenty of capacity to handle more patients

NewYork 114 deaths per 100,000
California 8 deaths per 100,000
Texas 4.5 deaths per 100,000

Houston gets an 'F' in social distancing, according to new data

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Know - it - ALL

Texans

Obviously it will take a while longer to spread but

You are fortunate.

I know several.

Hopefully, no one you know, or love, or even know and dislike, will catch COVID.

.0008% of the population of Texas (total number, over which half have recovered) has the WuFlu. Yea, its really RAGING alright!

fuck off shill..it's not raging..YOU ARE..fucking shareblue troll.

oh bullshit..the tests are garbage number one..they are LYING and inflating numbers number two. Its a SCAM