More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers.

According to the Mortgage Bankers Association‘s Research Institute for Housing America (RIHA), the number of households missing rent or mortgage payments increased from 5.33 million to 5.43 million between October of 2020 and October 2021.

There was also an increase compared to September when the total was 4.71 million.

The data shows that 10.9% of renters missed, delayed, or made details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com