- The 1.6 million increase in mortgage delinquencies is the largest ever recorded in a single month.
- Mortgage delinquency rates nearly doubled from 3.4% in February to 6.5% in March.
- 8.8% of mortgages are currently in forbearance.
- “We currently estimate about 15 percent of homeowners will fall behind on their payments, compared to a peak delinquency rate of 10 percent during the Great Recession.”