About 2 million homeowners are skipping their monthly mortgage payments, according to new industry data, a number that is forecast to rise further as more Americans lose their jobs due to the coronavirus pandemic
About 2 million homeowners are skipping their monthly mortgage payments, according to industry data released on Monday, a number that is forecast to rise further as more Americans lose their jobs as a result of the coronavirus pandemic.
Approximately 3.74% of home loans are in forbearance as of April 5, according to Mortgage Bankers Association data, up from about 2.73% the prior week.
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