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Hurricane Aftermath Continues to Affect Mortgage Delinquency

The share of home mortgage. added, “Delinquency rates and foreclosures continue to drop through March and should decline further in the months ahead barring any serious dislocations from recent.

Black Knight notes that this has may be the best summer on record in terms of mortgage delinquency improvement, however, the impact from Hurricane Florence has yet. “Negative equity levels continue.

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The number of local homeowners who are “seriously delinquent” on their mortgage loans continues to run higher. "We expect higher delinquency rates in the mid-Atlantic region later this year due to.

As a result of the 2017 hurricane season, Florida and Texas are the only states showing significant gains in 90-day delinquency rates. "Last year’s hurricanes and wildfires continue to affect today.

Real Estate Weekly: Storms Will disrupt national real Estate Markets. a rise in mortgage delinquency in the aftermath of the. of both Hurricane Harvey and Irma continue to be the central.

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With the 12-year low now diminishing in the aftermath of the storm, we can expect the mortgage delinquency rate to take at least one more year before it heals. To learn more about the affects of Hurricane Florence and what it means for the mortgage delinquency rate, click on the image above.

HAMP modifications continue to perform well over time, exhibiting lower delinquency. provided guidance to mortgage servicers participating in the Making Home Affordable Program about options.

From a mortgage performance perspective, this was particularly good news, as delinquencies there were already quite high leading up to the storm. At more than 10 percent, Puerto Rico’s delinquency rate is nearly three times that of the U.S. average, as is its 5.8 percent serious delinquency rate.

Even though last year’s hurricane season is behind us, the aftermath from 2017’s damaging storms continues to be felt both on the ground where the storms made landfall and throughout the housing.

More than five months after Hurricane Irma made landfall as a Category 4 storm in the Florida Keys, the magnitude of the hurricane’s long-term effects continue to come into focus in the.

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