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90 Day Delinquencies Edge up as Crisis Hits Three Month Mark

Friday, July 24, 2020

While serious delinquencies felt the first impact from the COVID-19 pandemic in June, overall delinquencies were actually lower. Black Knight's "first look" at loan performance during the month shows the national delinquency rate, which rose more than 4 percentage points in May to 7.8 percent, edged down to 7.6 percent last month. The 89,000-loan decline (2.3 percent) was the first improvement in five months. The 4.03 million mortgages that were 30 or more days past due but not in foreclosure still represented a 103.6 percent increase from a year earlier. Black Knight includes loans in forbearance plans in their delinquency numbers.  

 

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