Number of Missed Mortgage Payments Down, Skipped Rent Payments Up: MBA Report

Originally published on December 7, 2021, for the Mortgage Bankers Association.

Renters were three times more likely than homeowners to miss payments during September and October, according to updated research released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America.

The RIHA study, Housing-Related Financial Distress During the Pandemicfound the share of renters who missed, delayed or made a reduced payment increased from 8.6% in July to 9.6% in September and 10.9% in October. Fewer homeowners missed payments in September (3.2%) compared to June and July (4.6% and 3.8%, respectively), but the share did rise in October (3.8%).  

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