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Mortgage delinquencies spike 8% to a 9-year high amid COVID-19 crisis - Business Insider

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Mortgage delinquencies surge more than 8% to a 9-year high as the coronavirus pandemic hits a corner of the housing market

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In addition, the delinquency rate for FHA mortgages, reserved for first-time homebuyers, jumped to a record high. Some homeowners are struggling to pay their mortgages amid the coronavirus pandemic as the ensuing recession continues to slam the labor market, according to a Monday report from the Mortgage Bankers Association.

 

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This could become a bigger and bigger issue as the year goes on. Especially with the looming inflation buybitcoin

People who tried to make careers out of entry level jobs that used to go to autistic adults, teens and retirees are having trouble paying their mortgages? No way.

Smh just a start too

8%...

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