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Message
re: Mortgage Delinquencies are Spiking
Posted on 7/16/20 at 8:56 am to cadillacattack
Posted on 7/16/20 at 8:56 am to cadillacattack
quote:
In April, the share of all mortgages that were past due, but less than 30 days, soared to 3.4% of all mortgages, the highest in the data going back to 1999.
Does this count people who wait until the 15th day to pay mortgage, since there is a 15 day late grace period for late fees?
1
Posted on 7/16/20 at 12:04 pm to LSUFanHouston
quote:
Does this count people who wait until the 15th day to pay mortgage, since there is a 15 day late grace period for late fees?
No. Late payments aren't reported to the credit bureaus until they are 31 days past due.
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