Black Knight Says Delinquencies Hit 8.5-Year High
According Black Knight’s latest Mortgage Monitor, May saw the overall delinquency rate hit its highest level in 8.5 years, with serious delinquencies on the rise as well as the number of homeowners 90+ days past due increasing by more than 50% over the past two months. However they do point out that while May’s delinquency numbers illustrate the level of hardship imposed by COVID-19 on American homeowners, daily payment data for June provides some degree of optimism. Indeed…
Click here to read the full report at Black Knight.
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