Markets

US home-mortgage delinquencies surge to the highest level in 9 years

US home mortgage delinquencies surged to the highest level since November 2011, according to a Monday report from Black Knight. Total borrowers more than 30 days late skyrocketed to 4.3 million in May from 3.4 million in April, the report showed. In addition, more than 8% of all US mortgages […]
US home-mortgage delinquencies surge to the highest level in 9 years
Markets

Home mortgage delinquencies spiked a record amount in April

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 […]
Home mortgage delinquencies spiked a record amount in April
Markets

Credit card relief can be a valuable option if you’re facing financial hardship — and it won’t harm your credit score as long as you and your lender are on the same page

If you’re unable to pay your bills, one option is to look into your bank’s credit card forbearance program. Credit card forbearance is an agreement you make with your lender. It essentially lets you pause or lower your account payments for a specified amount of time. If you enter into […]
Credit card relief can be a valuable option if you’re facing financial hardship — and it won’t harm your credit score as long as you and your lender are on the same page