4.3 million homeowners missed their mortgage payments last month

 

Source: Anna Bahney - CNN Business

The number of people who failed to pay their mortgage last month rose to its highest level since 2011.

In May, 4.3 million homeowners missed their mortgage payments, up from 2 million at the end of March, according to Black Knight, a mortgage data company. That brings the overall delinquency rate for May to 8%.

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