According to a monthly study by CoreLogic, the number of delinquent mortgages in South Florida grew for the month of October 2017, likely because of Hurricane Irma. Delinquencies will probably.
Mortgage delinquencies still high. Hurricane Irma’s financial toll on real estate continues, with the latest statistics showing a rise in the number of home mortgages in some stage of default.
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There was a 1.3% uptick in mortgage application defects in September from the previous month, with states affected by Hurricane Florence showing preliminary spikes in activity following the storm, according to First American.
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Mortgage delinquencies spike in Manatee-Sarasota. Blame Hurricane Irma The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month, but in a slightly different way than last month. short-term delinquency rates (30 days late) are lower than what we saw last month, but more.
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Florida leads nation in February mortgage delinquency rate; Irma could be to blame. About 128,000 hurricane-related delinquent mortgages remain in Texas, Florida and Georgia. Nationally, the loan delinquency rate is up 2.1 percent since last year, but has decreased .21 percent from January to February. Foreclosure starts fell 25 percent from January to February after reaching a 12-month high in January.
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