Loans in Forbearance Account for Majority of Delinquent Loans Since Pandemic Began Recent loan performance data from CoreLogic shows that the nation’s overall mortgage delinquency
Unlike the Great Recession, the speedy intervention provided by the CARES Act ensured mortgage forbearance options for homeowners who were financially harmed by the pandemic
Loan Performance Insights Report Highlights: July 2020 The nation’s overall delinquency rate was 6.6% in July. All states logged annual increases in both overall and
“Pig in the Python” effect follows jumps in 30-day in April, 60-day in May The widening pandemic led President Trump to declare a national emergency
Loan Performance Insights Report Highlights: June 2020 The nation’s overall delinquency rate was 7.1% in June. All states logged annual increases in both overall and
Amidst the COVID-19 pandemic, many lenders are reportedly tightening credit by raising the minimum FICO score requirement or increasing down payment requirements to 20%.[1] The credit