A recent report from black knight financial services attributes 163,000 past-due mortgages to Hurricane Irma in September and 66,000 to Harvey. As delinquencies have been falling in most states, they increased by 36% in Florida in September 2017. Texas was the only other state with an increase in delinquencies in that time period. Getting Help
· Serious delinquencies (90 or more days past due) attributed to Hurricanes Harvey and Irma fell just 3 percent 128,000 hurricane-driven seriously delinquent mortgages remain in.
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But factor in those areas hit by Hurricanes Harvey and Irma and the. The usual seasonal effect on 30-day past due mortgages was felt in December with a 124,000-loan increase in non-disaster.
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Mortgage Delinquencies Experience First Increase in Seven Years. in. Hurricanes Harvey and Irma, monthly foreclosure starts were at their lowest in more than 17 years.. from number 50 among.
· Compared with the week of the storm, initial jobless claims rose 23% in the second week after superstorm Sandy and 30% in the second week after Hurricane Katrina. “Irma’s right behind Harvey, so that could cause claims to spike again,” said Ryan Sweet, director of real-time economics at Moody’s Analytics.
Past-due mortgages increase after Harvey and Irma. compare home mortgage rates, mortgage loans, and home equity lines of credit using the Wells Fargo home loan comparison calculator. Mortgage rates level off after six-week slide – After more than a month of declines, mortgage rates paused their descent ahead of next week’s Federal Reserve.
The 30-day delinquency rate actually dropped by 15 basis points in the fourth quarter of 2017, as homeowners affected by Hurricanes Harvey, Irma and. to an increase in the percentage of loans that.
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As Hurricanes Harvey, Irma, and Maria plowed through unusually warm oceans this summer, each one broke records, startling even the scientists who In particular, rising temperatures in the ocean and the air alongside booming construction in vulnerable areas are fueling the increased risk from massive.
Those that were 90 or more days past due but were not in foreclosure totaled 576,000, up 19,000 from August but down 92,000 year-over-year. Areas hit by Harvey in Texas saw a 67 percent uptick in non-current inventory, while ravaged parts of Florida saw a 48 percent increase after Irma hit.