US home mortgage delinquencies surged to the highest level since November 2011, according to a Monday report from Black Knight.
Total borrowers more than 30 days late skyrocketed to 4.3 million in May from 3.4 million in April, the report showed.
In addition, more than 8% of all US mortgages were past due or in foreclosure, according to Black Knight.
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The number of US home mortgage delinquencies has surged to the highest level in nine...
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