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Mortgage delinquency rate double amid coronavirus pandemic

Posted at 8:42 AM, May 22, 2020
and last updated 2020-05-22 14:19:34-04

More than a million and a half Americans didn't pay their mortgages last month.

That number includes borrowers who are on a "forbearance plan."

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The delinquency rate for April was more than 6%, which is double March's rate.

It's the biggest month-to-month increase ever recorded.