Two new reports suggest that a wave of foreclosures is threatening to land on homeowners in Ohio and throughout the U.S.
In August — the most recent month for data — the number of homeowners seriously behind on their mortgages jumped, as millions of Americans remained jobless because of the coronavirus pandemic.
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In Ohio, 3.8% of homeowners were at least 90 days behind on their loans, more than double the 1.6% from the previous August, according to the mortgage and real-estate service CoreLogic.
Nationally, 4.3% of mortgages were seriously delinquent (at least 90 days behind) in August, up from 1.3% a year earlier and the highest level since February 2014.
Mortgages at least 150 days delinquent, which would normally be subject to foreclosure, rose to 1.2% of all