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Foreclosures Fell to Record Low in 2020 Amid Virus Relief

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.

The news on foreclosures was good.

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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