Economics
U.S. Homeowners are Increasingly Delaying Mortgage Payments
- About 7.3% of U.S. loans enter forbearance, Black Knight says
- Toll is expected to climb as job losses mount in pandemic
Homes stand in Oakland, California, U.S.
Photographer: Michael Short/BloombergThis article is for subscribers only.
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About 7.3% of U.S. mortgages entered forbearance plans in April, providing temporary relief to more than 3.8 million borrowers who have lost income during the coronavirus pandemic.