The final delinquency tally for December is in, with data revealing that by year’s end, 1.54 million more delinquent and 1.7 million more seriously delinquent mortgages were reported than at the start of 2020, according to a report from Black Knight. With nearly 2 million extra overdue loans in the pipe, that’s approximately 3.4 million loans in total at December’s end.
Overall, the data analytics company estimates a more than 250% increase in 90-day default activity year-over-year.
Despite this massive jump from years prior, the national delinquency rate did manage to show modest improvement in December – dropping for the seventh details ⇒
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