Hardships Rise, Delinquencies Fall as CARES Act Changes Credit Reports

National Mortgage News, May 22, 2020–Bonnie Sinnock (subscription)
In the mortgage market, hardships were indicated in various ways on 5% of accounts in April, up from less than half of a percent, according to TransUnion. In contrast, serious delinquencies of 60 days or more in April inched down slightly to 1.27% from 1.4% the previous month and from 1.32% a year ago.