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Homeowners Seeking Mortgage Relief With U.S. Economy Shuttered

home homes open house
Photographer: Ty Wright/Bloomberg

Almost 4% of mortgage borrowers have stopped making their payments as the coronavirus pandemic puts millions of U.S. homeowners out of work.

The share of loans in forbearance jumped to 3.74% during the week ended April 5, up from 2.73% the previous week, according to a survey from the Mortgage Bankers Association.