According to Black Knight, mortgage delinquencies rose by 1.6 million last month, including past due payments and mortgages in forbearance.
The national delinquency rate also increased by a record amount for a single month, nearly doubling to 6.45%.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 18 seconds
Mortgage Delinquencies Spike by Record Amount in April
U.S. mortgage delinquencies had their biggest single-month increase on record in April. So reports USA Today.
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