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Past-due mortgages increase after Harvey and Irma

Nationally, the report stated that the number of non-current mortgages (those at least 30 days past-due or in active foreclosure) surged by 214,000, or 9%, driven primarily by fallout from.

Harvey means a replacement of 500,000 to a million cars and trucks. add irma. Who knows? Mortgage defaults. And I saw it personally in New Orleans after Katrina. Note that the national impact of.

Miami-Fort Lauderdale-West Palm Beach mortgages that were 90 or more days past due totaled 5.1 percent Late mortgage payments rise after hurricane season takes toll on homeowners – Business – The.

Past-due mortgages increase after Harvey and Irma.. december Hurricanes Harvey and Irma May Lend Helping Hand to Economy, but Hurricane Iniki and Katrina Tell More complex longterm tales. posted on September 13, 2017 by David Haggith. The great recession blog.

leads to a 5 percentage-point increase in the share of people with debt in.. waiving of late charges for homeowners with Freddie Mac-owned mortgages.. two-thirds of IHP applications in the aftermath of Hurricanes Harvey, Irma, and Maria,

NEW YORK (Reuters) – U.S. mortgage applications. after it was severely depressed the prior two weeks by disruptions from Harvey. On the other hand, home loan applications in Florida fell for a.

Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential.

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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.

Low Loan Rates! The interest rate on a mortgage will have a major impact on the amount of money you pay each month and the total you pay over the life of your home loan. Even a difference of a fraction of a.

There are 2.08 million mortgaged properties in Irma-related FEMA disaster areas, more than four times that of Katrina and twice as many as Harvey. Total unpaid mortgage balances for Irma areas are $370 billion. If the correlation worked, there could have been half a million mortgage delinquencies in Florida, but, again, the storms were different.

From Black Knight: Black Knight’s First Look at September 2017 Mortgage Data: Hurricanes Irma and harvey drive surge in Past-Due Mortgages Nationally, the number of non-current mortgages (those at least 30 days past-due or in active foreclosure) jumped by 214,000 (+9 percent), driven primarily by fallout from Hurricanes Harvey and Irma