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Home mortgage delinquencies spiked a record amount in April - Business Insider

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Home mortgage delinquencies spiked a record amount in April

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.US home loans past due jumped by 1.6 million in April, the largest one-month gain ever, according to data from Black Knight.The record surge is almost three times the previous single- month record set in 2008, according to Black Knight.

The national delinquency rate nearly doubled to 6.45% from 3.06%, the report showed. The 90% record jump is almost three times the previous single- month record set in 2008, according to Black Knight.

 

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