19 Oct Over Half of Delinquent Homeowners have Missed Six Payments
Posted at 15:03h
in Alerts
Industry Update
October 12, 2021
Source: Mortgage News Daily
While one million homeowners have not made a mortgage payment in 12 months, CoreLogic says about half of the nation’s delinquencies are borrowers who are six months or more past due. Many of these are still leaning on options such as forbearance, loan modifications and other government provisions to keep from entering foreclosure.