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Colorado has lowest rate of seriously delinquent mortgage debt in the U.S.

 

Last updated 10/28/2020 at 10:25am



Amid record-breaking unemployment numbers resulting from COVID-19, millions of Americans are struggling to make their mortgage payments in 2020. In response to the crisis, the CARES Act invoked a moratorium on home foreclosures for all federally-backed mortgages that extends until the end of the year. The Act also placed many federally-backed mortgage loans into forbearance, allowing mortgage payments to be temporarily deferred for the nearly 70 percent of all outstanding mortgage holders with federally-backed mortgages.

Recent data from the New York Fed shows that in light of forbearance p...



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