Home mortgage delinquencies spiked a record amount in April

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US home loans past due jumped by 1.6 million in April, the largest one-month gain ever, according to data from Black Knight. National delinquencies also posted a 90% increase, according to the Thursday report.  The record surge is almost three times the previous single- month record set in 2008, according to Black Knight. Read more on Business Insider. 

Delinquencies on US home loans jumped by a record amount in April as the coronavirus pandemic led to massive job losses and government programs began offering payment delays without penalties. 

There were 3.6 million homeowners past due

Read more    Source: businessinsider.com

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