Home loan delinquency rate rising in metro Phoenix

By Angela Gonzales | Phoenix Business Journal

It was only a matter of time before mortgage delinquency rates began to creep up in metro Phoenix during the coronavirus pandemic as unemployment has continued to rise.

Nationwide, all stages of delinquency experienced an increase year-over-year, with the nation’s serious delinquency rate showing its first annual increase since November 2010, according to a CoreLogic Inc. (NYSE: CLGX) report evaluating foreclosure and delinquency activity through May.

Read the full subscription story from the Phoenix Business Journal.

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