Housing Trends

Mortgage delinquencies surge by a record 1.6 million in April

More than 3 million homeowners were behind on their payments last month

Homeowners hammered by the economic fallout from the coronavirus (COVID-19) are already having trouble making their mortgage payments.

Mortgage delinquencies increased in April by 1.6 million, the largest one-month increase ever. Black Knight, the data analytics firm that compiled the report, says it’s more evidence that the millions of people thrown out of work by the virus-related economic shutdown are struggling to pay bills.

The April numbers pushed the mortgage delin…