More than 25 pct of major U.S. fire site borrowers at risk of delinquency


By Xia Lin

NEW YORK, Feb. 21 (Xinhua) -- More than one in four borrowers in the area of the Los Angeles' Palisades Fire in the U.S. state of California are at risk of falling behind on their mortgages this month, according to preliminary estimates from Intercontinental Exchange Inc. (ICE).

The rate is lower in the Eaton wildfire zone, where one in six borrowers are in danger of missing this month's payment, according to ICE, which tracks U.S. mortgages. In total, as many as 3,300 borrowers are at risk, a major increase from the estimated 680 borrowers who missed mortgage payments in January.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Bus falls into river while boarding ferry in Bangladesh, leaving 24 dead
Analysis-Maduro case to test US narcoterrorism law with limited trial success
Panel wants prosecution of ousted Nepal PM over violence in Gen Z protests
Indonesia military officer steps down following acid attack on activist
Tehran rejects US claims of ‘ongoing, productive’ negotiations
Russian attacks kill two in Ukraine's Kharkiv, damage infrastructure on the Danube
Democrats, Republicans trade blame as major U.S. airports continue to see hours-long security lines
U.S. stocks finish higher on reports over Middle East
From the Frontline: Shattered life inside a forgotten train carriage
North Korea's Kim Jong Un welcomed Belarus President Lukashenko to Pyongyang, KCNA says

Others Also Read