Home mortgage delinquencies rise by 1.6 million in April

Delinquencies on home mortgages spiked by a record amount last month as the coronavirus pandemic’s economic fallout continued to explode and government programs began allowing payment delays without punishment.Roughly 3.6 million homeowners were past due on their mortgage in April, a 1.6 million jump from March, according to data from Black Knight. The national delinquency rate nearly doubled to 6.45 percent from 3.06 percent, a record…