U.S. Home-Mortgage Delinquencies Reach Highest Level Since 2011
John Gittelsohn
June 22 2020, 9:53 AM
(Bloomberg) -- U.S. home-mortgage delinquencies climbed in May to the highest level since November 2011 as the pandemic’s toll on personal finances deepened. The number of borrowers more than 30 days late swelled to 4.3 million, up 723,000 from the previous month, according to property information service Black Knight Inc. More than 8% of all U.S. mortgages were past due or in foreclosure.
