Coronavirus News and Features

Millions of Americans Are Now Skipping Their Mortgage Payments

Written by looperproduction

The pace of homeowners requesting mortgage relief because of the coronavirus pandemic has slowed considerably

Fewer Americans are calling their mortgage servicers to ask for relief from mortgage payments, but the housing industry isn’t out of the woods yet.

More than 4.1 million homeowners are in forbearance plans now, according to the latest data from the Mortgage Bankers Association. 

While mortgage servicers are still facing stress because of the record deluge of requests for payment relief, signs suggest that homeowners’ prospects have improved as parts of the country have begun to emerge from coronavirus stay-at-home orders.

https://www.marketwatch.com/story/over-4-million-americans-are-now-skipping-their-mortgage-payments-2020-05-18?mod=MW_section_top_stories

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looperproduction