Journal Article

On-Time Mortgage Payments Recover, Even in Financially Distressed Areas

Abstract: During the COVID-19 recession, mortgage repayment rates fell further in areas with high levels of financial distress, but they also recovered faster.

Keywords: COVID-19; mortgage repayment; financial distress;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2022-06-01