“A rebounding job market and stimulus checks helped borrowers stay current on their mortgage payments. Mortgage delinquencies track closely to the U.S. unemployment rate, and with unemployment dropping from last year’s spike, many households appear to be doing better.” --Marina Walsh, CMB, MBA Vice President of Industry Analysis.

Auction.com, Irvine, Calif., reported more than three out of four distressed property buyers are local investors and nearly nine in 10 purchased five or fewer investment properties in 2020.