Mortgage Delinquencies of 90 Days or More at 10 Year High

Serious mortgage delinquencies hit a 10 year high in July according to a report by financial data firm Black Knight. According to Black Knight, the number of homes with mortgages with delinquencies of 90 days or more but not in foreclosure rose to 2.25 million in July. While the total number of delinquent mortgages fell by almost 7 percent since June, the startling rise of delinquencies is a troubling sign in the aftermath of the expiration of The Coronavirus Aid, Relief and Economic Security (CARES) Act at the end of July. Lawmakers and the Trump administration have yet to reach a deal to extend any foreclosure or eviction protections.

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