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Indiana to reinstate extra unemployment benefits Will 25 other states have to follow?

Indiana to reinstate extra unemployment benefits Will 25 other states have to follow?
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Indiana ordered to reinstate extra unemployment benefits Could other 25 states follow?

Indiana ordered to reinstate extra unemployment benefits. Could other 25 states follow? CNET 1 hr ago Oscar Gonzalez © Provided by CNET The 26 states canceling federal unemployment programs all have different termination dates. Sarah Tew/CNET On Friday, a state court judge ruled that Indiana Gov. Eric Holcomb must continue participating in the enhanced federal unemployment programs. Indiana is among 26 states that opted to halt the enhanced benefits which include $300 weekly bonus checks and coverage for freelancers this summer, before their federal expiration on Sept. 6. The Indiana judge stated that the governor s decision had violated state law and that it was causing the plaintiffs irreparable harm by eliminating recipents ability to pay rent, basic medical expenses and child care. 

Calculated Risk

6/24/2021 04:37:00 PM Freddie Mac reported that the Single-Family serious delinquency rate in May was 2.01%, down from 2.15% in April. Freddie s rate is up year-over-year from 0.81% in May 2020. Freddie s serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble, and peaked at 3.17% in August 2020 during the pandemic. These are mortgage loans that are three monthly payments or more past due or in foreclosure . Click on graph for larger image Mortgages in forbearance are being counted as delinquent in this monthly report, but they will not be reported to the credit bureaus. This is very different from the increase in delinquencies following the housing bubble.   Lending standards have been fairly solid over the last decade, and most of these homeowners have equity in their homes - and they will be able to restructure their loans once (if) they are employed.

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