![MBA Newslink Logo](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/mba-newslinks-child-page-logo.png)
Here’s How Many Millions Will Be ‘Seriously Delinquent’ In Mortgage Payments When We Reach Peak Unemployment
Forbes, Apr. 30, 2020–Amy Dobson
In the moderate, or ‘baseline’ scenario, an estimated 3 million borrowers could be more than 90 days behind on payments (90 days is what they define as ‘seriously delinquent’, but could also include people in a forbearance program) if unemployment hovers around the 10% mark for at least the next year.
https://www.forbes.com/sites/amydobson/2020/04/30/how-many-millions-of-homeowners-will-be-seriously-delinquent-in-mortgages-by-the-time-we-reach-peak-unemployment-3-different-scenarios-suggest-an-answer/#7e1f0bcd6326