More than five million households failed to make their rent or mortgage payments in October, an increase compared to the same period of 2020, and a concern for mortgage servicers. According to the Mortgage Bankers Association‘s Research Institute for Housing America (RIHA), the number of households missing rent or mortgage payments increased from 5.33 million to 5.43 million between October of 2020 […]
Tag Archives: missing
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High net worth lender Butterfield Mortgages found that these delays were increasingly creating problems for borrowers. Its survey found that more than half of all mortgage borrowers complained about the process taking too long, with almost seven out of 10 (69%) saying the process was unduly stressful. The issue of borrowers ‘losing’ mortgage deals has […]