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.
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.