Estimated reading time: 0 minutes, 31 seconds

Foreclosures Fell to Record Low in 2020 Amid Virus Relief

Friday, Jan 22 2021
Lending
Written by 

Fewer foreclosures took place in the U.S. housing market last year than ever before, as federal and state relief measures in response to the coronavirus offset a deep recession. So reports BankRate.com.

[caption id="attachment_6706" align="alignright" width="150"] The news on foreclosures was good.[/caption]

According to ATTOM Data Solutions, only 0.16% of all U.S. homes had foreclosure filings in 2020, compared with 0.36% the prior year and an all-time high of 2.23% a decade earlier.

Still, 2.15 million U.S. homeowners were 90 days past due on their mortgages, a 1.7 million increase in 2020, according to a separate report from Black Knight.

Read the full article from BankRate.com.

Read 1900 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Mortgage Rates Turn Lower Amid Stimulus Uncertainty »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline