According to the report by Black Knight real estate data service, the Delinquency Rate on mortgages increased to 7.76 percent from May. the state of Mississippi had the worst delinquency rate, at 12.73%, followed by Louisiana at 11.79%. These numbers should not comes as a surprise since the COVID-19 pandemic has caused states’s economies to shutdown and leave many without their main source of income. The Coronavirus Aid, Relief and Economic Security (CARES) legislation recommended lenders to allow Mortgage forbearance to borrowers force out of work by the pandemic polices by governors and mayors. How does this impact homebuyers shopping for a home? Forbearance and DelinquencyAs mentioned Lenders and loan [...]

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