Past-due mortgages increase after Harvey and Irma

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North Korea, Debt Ceiling, Hurricane Harvey, Irma and Jose. Oh My! The report shows in disaster areas from Harvey and irma combined. black knight predicted the mortgage industry could see up to 300,000 new delinquencies as a result of the storm, with 160,000.

following Hurricane Irma on Tuesday, Sept. 19, 2017. J.T. Blatty FEMA Four months after Hurricane. a 4.9 percent increase over October 2016. South Florida’s uptick in early-stage mortgage.

Certain sectors are poised to benefit from rebuilding efforts following Harvey and Irma, which by some. for construction loans could increase as people rebuild. The $2.7 billion-asset bank is also.

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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.

Somebody is going to pay for losses on mortgages of homes that were destroyed by Hurricanes Harvey and Irma. It’s a just a question of who. The taxpayer is on the hook, along with some investors. But then there are the servicers of mortgages guaranteed by the Government National Mortgage.

Hurricane Irma More distressed mortgages could emerge in the West: The Western states are the most likely to experience an increase in distressed loan activity in the second half of 2019, a survey of mortgage servicers by found.

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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.

How Hurricane Irma and Harvey will affect mortgage loans? Read what is estimated to happen in the mortgage loan markets after the hurricanes.