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Foreclosures Fell to Record Low in 2020 Amid Virus Relief

Friday, Jan 22 2021
Lending
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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.

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