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Millions of Households Failed to Make Mortgage, Rent Payments in September: Report

More than 6 million households missed their rent or mortgage payments in September as the economic fallout from the ongoing coronavirus pandemic intensifies, a recent study found.

According to the Mortgage Bankers Association’s Research Institute for Housing America, 8.5% of renters, or 2.82 million households, missed, delayed or made a reduced payment last month while 7.1%, or 3.37 million homeowners, missed their mortgage payment, USA Today reported.

The numbers come amid months of stalled negotiations between the Trump administration and House Democrats on a new coronavirus relief package, with House Speaker Nancy Pelosi setting a deadline of Tuesday for reaching an agreement before the Nov. 3 election.

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  1. Thank you for the complete local news updates. With so many not leaving their homes, it’s awesome to know there are still news outlets we can trust for the TRUTH.

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