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Report: Mortgage Delinquencies Hit 9-Year High As Pandemic Grinds US Economy Into Dust

Video Credit: Wochit News - Duration: 00:39s - Published
Report: Mortgage Delinquencies Hit 9-Year High As Pandemic Grinds US Economy Into Dust

Report: Mortgage Delinquencies Hit 9-Year High As Pandemic Grinds US Economy Into Dust

While the pandemic has seen a surprisingly healthy real estate market for homebuyers, homeowners have begun having trouble paying their mortgage.

The Mortgage Bankers Association says mortgage delinquencies rose a seasonally adjusted 8.22% in the second quarter to a nine-year high.

Also, the delinquency rate for FHA mortgages, reserved for first-time homebuyers, jumped to a record high.


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