The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.22 percent of all loans outstanding at the end of the second quarter of 2020, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey.
“The COVID-19 pandemic’s effects on some homeowners’ ability to make their mortgage payments could not be more apparent,” MBA Vice President of Industry Analysis Marina Walsh said.
Read on for details from MBA.
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