US Home Mortgage Delinquencies have surged by 1.6 million in April. This is the biggest one-month gain ever, as soaring job losses fueled a 90% jump in missed payments.

Moreover, mortgages at least 30 days in arrears almost doubled to 6.45%, the highest rate since January of 2015, according to data compiled by Black Knight Inc. About 3.4 million loans were more than 30 days late. This is a clear sign of the economic turmoil caused by Covid-19.