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Data: CoreLogic; Chart: Axios Visuals

The share of mortgages that went from current to 30 days past due rose to 3.4% in April, the highest reading on record, data firm CoreLogic reported this week. The previous peak in the transition rate was 2% in November 2008.

Yes, but: CoreLogic's data doesn't track whether the delinquencies were related to missed payments or forbearance programs.

  • "The CARES Act provided forbearance for borrowers with federally backed mortgage loans who were economically impacted by the pandemic," CoreLogic noted.
  • "Borrowers in a forbearance program who have missed a mortgage payment are included in the CoreLogic delinquency statistics, even if the loan servicer has not reported the loan as delinquent to credit repositories."

Where it stands: The share of mortgage holders in forbearance jumped from less than 1% in the last week of March to around 8% in the last week of April, MBA's data show.

Zoom in: The vast majority of Americans living in apartments paid their rent in July, according to the National Multifamily Housing Council’s Rent Payment Tracker.

  • As of Monday, 87.6% of apartment households had made a full or partial rent payment.
  • That represented a 2.5-percentage point decrease from the same time last year and was 1.4 percentage points below the share that had paid by this time last month.

Go deeper

Dion Rabouin, author of Markets
Oct 21, 2020 - Economy & Business

Why the stimulus delay isn't a crisis (yet)

Illustration: Aïda Amer/Axios

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise.

  • That's been in no small part because U.S. economic data has held up remarkably well in recent months thanks to the $2 trillion CARES Act and Americans' unusual ability to save during the crisis.

Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

Photo: Stephen Maturen/Getty Images

Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.

Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sidney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.

Off the Rails

Episode 5: The secret CIA plan

Photo illustration: Aïda Amer, Sarah Grillo/Axios. Photo: Zach Gibson/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. This Axios series takes you inside the collapse of a president.

Episode 5: Trump vs. Gina — The president becomes increasingly rash and devises a plan to tamper with the nation's intelligence command.

In his final weeks in office, after losing the election to Joe Biden, President Donald Trump embarked on a vengeful exit strategy that included a hasty and ill-thought-out plan to jam up CIA Director Gina Haspel by firing her top deputy and replacing him with a protege of Republican Congressman Devin Nunes.