High Unemployment = Fewer Mortgage Payments

Alabama is one of the five top states when it comes to homeowners being 90 days behind in making their mortgage payments. That's according to Black Knight* Their headline:

Past-Due Mortgages Increase by 1.6 Million in April, Largest Single-Month Increase Ever Recorded; Delinquency Rate Nearly Doubles

 

 

 

 

 

 

The five States are all in The South:  Mississippi

                                                               Louisiana

                                                               Alabama

                                                               Arkansas

                                                               Georgia

 

*a leading provider of integrated software, data and analytics solutions that facilitate and automate many of the business processes across the homeownership life cycle.