Friday, May 22, 2020,
Posted in Featured, Real Estate, 0
Mortgage delinquency rates nearly doubled and total delinquencies reportedly increased by 1.6 million in April, the largest single-month jump in history, though the majority are covered under Cares Act forbearance programs.
CHICAGO, ILLINOIS – APRIL 30: A demonstrator calls on the governor to suspend rent and mortgage … [+] payments to help those who have lost their income due to the coronavirus during a protest on April 30, 2020 in Chicago, Illinois. On May 1, the state of Illinois will begin requiring everyone to wear a face mask in public when social distancing is not possible to prevent the spread of the coronavirus COVID-19. The state is currently on a “stay at home” mandated by the governor until May 30. (Photo by Scott Olson/Getty Images)