Hurricane Aftermath Continues to Affect Mortgage Delinquency

"Serious delinquency rates continue to remain lower than a year earlier except in Florida and Texas, the hardest-hit states during last year’s hurricane season," said Frank Martell, president and.

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Hurricane Aftermath Continues to Affect Mortgage Delinquency – DSNews The state of mortgage delinquencies was a mixture of good news and bad news as 2017 wrapped up, according to a new report by.

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To assess the storm’s impact on RMBS performance, Fitch Rating looked to the aftermath of Hurricane Katrina along the Gulf Coast in August 2005. In the months immediately following Katrina, Fitch Ratings found mortgage delinquency rose dramatically in the areas directly affected, almost tripling from 17% to 45% of all loans outstanding.

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.

New estimates show that the impending Hurricane Michael could be responsible for upwards of $13.4 billion in property damage. According to national mortgage news, the storm could affect an estimated 57,000 homes. "The mortgage delinquency rate fell to a 12-year low of 3.52% in August.

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.

Hurricane Season, Payment Timing Spur Surge in Mortgage Delinquency November 24, 2017 By Justin There was an overall increase in mortgage delinquency among all types of loans during the third quarter of 2017.

As the impact from the recent turbulent hurricane season fades, mortgage delinquencies once again began to decline in November, according to the latest Loan Performance Insights Report from.

Hurricane Aftermath Continues to Affect Mortgage Delinquency Mortgage Delinquencies Begin to Recover from Hurricane Season.

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Two years after Hurricane Irma pounded Southwest Florida, thousands of homeowners are no longer struggling to pay their.