Story perspectives

Mortgage Delinquencies Surge 30% Amid Economic Concerns

4/15/2026

Summary

Story summary

Early-stage U.S. mortgage delinquencies have surged 30%, signaling a K-shaped economic divergence.
Bank of America Corp. reports a 0.99% delinquency rate.
Subprime and near-prime borrowers are increasingly stressed amid high gasoline prices and rising grocery costs.
JPMorgan Chase & Co. reports strong trading revenues, including a record $11.6 billion.
Concerns about tightening lending conditions and a potential recession loom as Michigan's consumer confidence hits a historic low.

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Story summary

Early-stage U.S. mortgage delinquencies have surged 30%, signaling a K-shaped economic divergence.
Bank of America Corp. reports a 0.99% delinquency rate.
Subprime and near-prime borrowers are increasingly stressed amid high gasoline prices and rising grocery costs.
JPMorgan Chase & Co. reports strong trading revenues, including a record $11.6 billion.
Concerns about tightening lending conditions and a potential recession loom as Michigan's consumer confidence hits a historic low.