More than 8% of U.S. mortgages now in forbearance: MBA weekly survey
May 18, 2020 at 16:06 PM EDT
Roughly 4.1 million U.S. mortgage borrowers have had their payments paused or reduced as the novel coronavirus outbreak hits household finances, but the increase in the number of people needing such help is slowing, the latest weekly survey from the Mortgage Bankers Association showed on Monday.