Home mortgage delinquencies spiked a record amount in April

FYI: AP Photo/Gregory Smith US home loans past due jumped by 1.6 million in April, the largest one-month gain ever, according to data from Black Knight. National delinquencies also posted a 90% increase, according to the Thursday report.  The record surge is almost three times the previous single- month record set in 2008, according to Black Knight. Read more on Business Insider.  Delinquencies on US home loans jumped by a record amount in April as the coronavirus pandemic led to massive job losses and government programs began offering payment delays without penalties.  There were 3.6 million homeowners past due on their mortgages in April, a 1.6 million increase from the previous month, according to data from Black Knight. It's the largest one-month surge on record, and brings total to the most since January 2015.  The national delinquency rate nearly doubled to 6.45% from 3.06%, the report showed. The 90% record jump is almost three times the previous single- month record set in 2008, according to Black Knight.   About 4.7 million borrowers were in forbearance as of May 12, according to Black Knight data. Since the coronavirus pandemic began, the government has allowed borrowers impacted by the virus to initially defer payment The post Home mortgage delinquencies spiked a record amount in April appeared first on Asset Management - How To Asset Manage. Seoul, Korea
http://dlvr.it/RXRwJ5

Comments

Post a Comment

Popular posts from this blog

AstraZeneca Begins Phase I Trial Of AZD7442 Against COVID-19 – Quick Facts

Image
(RTTNews) - AstraZeneca Plc (AZN.L, AZN) said first participants have been dosed in a Phase I trial of AZD7442 for the prevention and treatment of COVID-19. The trial will evaluate the safety, tolerability and pharmacokinetics of AZD7442. It will include up to 48 healthy participants in the UK aged 18 to 55 years. AZD7442 is a combination of two monoclonal antibodies derived from convalescent patients with SARS-CoV-2 infection. Discovered by Vanderbilt University Medical Center and licensed to AstraZeneca in June 2020, the mAbs were optimised by AstraZeneca. Data readout from the trial is anticipated in the second half of 2020. To keep reading about AstraZeneca Begins Phase I Trial Of AZD7442 Against COVID-19 – Quick Facts, Click on the link. Seoul, Korea http://dlvr.it/RfHgSK
Read more

AT&T Sells DirecTV Stake To Private Equity Firm TPG

News, market analysis, investment scam prevention tips and more ✔️ Your source for latest asset management news and information. This magazine is crafted specifically for those who are interested in diving into the global asset management world. (RTTNews) - AT&T Inc. (T) has reached a deal with private equity firm TPG Capital to make its struggling satellite TV provider DirecTV a new standalone company. The deal will establish a new company that will own and operate AT&T's U.S. video business unit consisting of the DirecTV, AT&T TV and U-verse video services. The new company will have an enterprise value of $16.25 billion. The company will be jointly governed by a board with two representatives from each of AT&T and TPG, as well as a fifth seat for the CEO, which at closing will be Bill Morrow, CEO of AT&T's U.S. video unit. Following the close of the transaction, AT&T will own 70% of the common equity and TPG will own 30%. AT&T will receive $7...
Read more

7 lies to stop telling yourself if you want to become mentally stronger

Image
Crystal Cox/Business Insider Amy Morin is a psychotherapist, licensed clinical social worker, mental strength coach, and international bestselling author. She explains that sometimes our own thoughts can hold us back, especially if we tend to dwell on negative events, insecurities, and self-doubt. Morin says it's important to confront thoughts like "I'm not good enough" or "I'm too damaged," and replace them with self-empathy by instead saying "I am worth it" or "I'm a survivor." Visit Business Insider's homepage for more stories. Many of the things you tell yourself aren't true. And there's a good chance you've bought into some unhealthy beliefs over the years. Courtesy of Amy Morin In the therapy world, we call these "cognitive distortions." We all have them. Learning to recognize these lies we tell ourselves and replace them with healthier, more realistic statements is key to building mental str...
Read more