U.S. home-mortgage delinquencies reach highest level since 2011

[afacc123]

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.
The increase in delinquencies was smaller than the 1.6 million jump in April, when the economy ground to a halt nationwide. Still, the path ahead is clouded by the spread of new Covid-19 cases, uncertainty over business reopenings and the looming expiration of benefits that have helped jobless homeowners avert delinquency.
About 20.5 million Americans filed continuing claims for unemployment benefits in the first week of June, Labor Department figures show.
The delinquency count includes homeowners who missed payments as part of forbearance agreements, which allow an initial six-month reprieve without penalty. Many of those borrowers initially made payments despite qualifying for the relief plans, a share that has diminished as the crisis lingers.
Only 15% of homeowners in forbearance made payments as of June 15, down from 28% in May and 46% in April.
Black Knight also reported:
Mississippi had the highest delinquency rate in May, followed by Louisiana, New York, New Jersey and Florida.New York’s share rose to 11.3%. It peaked at 13.9% in December 2012.New Jersey’s rate was 11%, compared with the peak of 16.8% in December 2012.Florida’s share climbed to 10.5%. Its previous peak was 25.4% in January 2010.

[Iriswest]

17 minutes ago, afacc123 said:

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.
The increase in delinquencies was smaller than the 1.6 million jump in April, when the economy ground to a halt nationwide. Still, the path ahead is clouded by the spread of new Covid-19 cases, uncertainty over business reopenings and the looming expiration of benefits that have helped jobless homeowners avert delinquency.
About 20.5 million Americans filed continuing claims for unemployment benefits in the first week of June, Labor Department figures show.
The delinquency count includes homeowners who missed payments as part of forbearance agreements, which allow an initial six-month reprieve without penalty. Many of those borrowers initially made payments despite qualifying for the relief plans, a share that has diminished as the crisis lingers.
Only 15% of homeowners in forbearance made payments as of June 15, down from 28% in May and 46% in April.
Black Knight also reported:
Mississippi had the highest delinquency rate in May, followed by Louisiana, New York, New Jersey and Florida.New York’s share rose to 11.3%. It peaked at 13.9% in December 2012.New Jersey’s rate was 11%, compared with the peak of 16.8% in December 2012.Florida’s share climbed to 10.5%. Its previous peak was 25.4% in January 2010.

I work in mortgage industry. Daridram inkaa forbearances apply chestunnaru rojuki 1000 mandi.

[tom bhayya]

26 minutes ago, Iriswest said:

I work in mortgage industry. Daridram inkaa forbearances apply chestunnaru rojuki 1000 mandi.

inka IT lo layoffs start kaledhu Year end ki actual numbers vasthaayi fasak ey 

[reality]

Just now, tom bhayya said:

inka IT lo layoffs start kaledhu Year end ki actual numbers vasthaayi fasak ey 

Inkekkadi layoffs vayya... ee roju EO debba tho jobs ye jobs.... 

[tom bhayya]

Just now, reality said:

Inkekkadi layoffs vayya... ee roju EO debba tho jobs ye jobs.... 

[Tellugodu]

3 minutes ago, tom bhayya said:

inka IT lo layoffs start kaledhu Year end ki actual numbers vasthaayi fasak ey 

@tom bhayya uncle, what’s your profession, if you don’t mind saying?? IT aee naa leka business aa ??

[Tellugodu]

32 minutes ago, Iriswest said:

I work in mortgage industry. Daridram inkaa forbearances apply chestunnaru rojuki 1000 mandi.

Rocket 🚀 mortgage lo naa working ??

[tom bhayya]

Just now, Tellugodu said:

@tom bhayya uncle, what’s your profession, if you don’t mind saying?? IT aee naa leka business aa ??

coolie ney nenu kuda failed business man 

[Tellugodu]

6 minutes ago, tom bhayya said:

coolie ney nenu kuda failed business man 

Oh my uncle, I hope you ventured into business as side/part time without leaving the job.  Restaurant aee na ?  @tom bhayya

 

[Tellugodu]

9 minutes ago, tom bhayya said:

coolie ney nenu kuda failed business man 

You are a nice person uncle, without svardam, maybe that might be the reason for failure?? Business lo ranichali ante , we should be cut throat like @TRUMP thata. Hope you will be successful in your next venture.

[ARYA]

2 hours ago, tom bhayya said:

inka IT lo layoffs start kaledhu Year end ki actual numbers vasthaayi fasak ey 

 

2 hours ago, reality said:

Inkekkadi layoffs vayya... ee roju EO debba tho jobs ye jobs.... 

 

2 hours ago, tom bhayya said:

 

[ARYA]

1 hour ago, tom bhayya said:

coolie ney nenu kuda failed business man 

its ok uncle, don't worry try again..I loved your attempt