Past-due mortgages increase after Harvey and Irma

Though the data was impacted by hurricanes Harvey and Irma, the labor market. rose 0.4 percent last month after edging up 0.1 percent in July. August’s gain was the largest in seven months and.

Even before the recent back-to-back hurricanes of Harvey and Irma, the federal flood insurance program. to about 4.9 million. The drop came after Congress required a premium increase in 2012 and.

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Loans that were more than 30 days past due but. associated with Harvey and Irma. Yet to be determined are the effects of this fall’s hurricanes Florence and Michael as well as from the California.

Loans late by 90 days or more are increasingly concentrated in parts of. Severe delinquencies associated with Harvey, Irma keep piling up. By. the fourth consecutive month in which the 30-day delinquency rate increased.

Here’s the latest data on the impact of Hurricanes Harvey and Irma on mortgages. current mortgages (those at least 30 days past-due or in active foreclosure) surged by 214,000, or 9%, driven.

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But what happens after your Hurricane Irma forbearance is over? What about all. The increased mortgage burden will be harder to meet going forward.. A recent report from black knight financial services attributes 163,000 past-due mortgages to Hurricane Irma in September and 66,000 to Harvey.

Real Estate Weekly: Storms Will Disrupt National Real Estate Markets. designated Harvey disaster areas could become past-due over the next few months. Post-Katrina, delinquencies spiked in.

"Hurricanes Harvey, Irma and Maria caused disruptions and. as devastated Puerto Rico, saw substantial increases in their past-due rates.

Past-due mortgages increase after Harvey and Irma. by Alison McAvoy October 26, 2017. Following the aftermath of Hurricanes Harvey and Irma, the amount of non-current mortgages and mortgage delinquencies in Texas and Florida have risen significantly since this past September.

As many as 300000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey.. hit by Hurricane Irma will likely cause an increase in mortgage delinquencies, but.

How Hurricane Irma and Harvey will affect mortgage loans? read what is estimated to happen in the mortgage loan markets after the hurricanes.. How Hurricane Irma and Harvey will Affect Mortgage Loans. Mortgages.. This means more than 90 days past due; a duration which would normally prompt.