· Hurricanes Harvey and Irma give Fed more reasons to hold interest rates for the rest of 2017, experts say. Published Mon, sep 11 2017 1:46 AM edt updated mon, Sep 11 2017 7:30 AM EDT.
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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
"The increase in demand coupled with. but also workers who no longer have a job to go to. "After last year’s trio of hurricanes – Harvey, Irma, and Maria – serious delinquency rates on home.
After. increase than was the case with conventional loans. black Knight says an identical per-capita impact as was seen following Harvey and Irma would means that delinquencies would begin to creep.
Mortgage Delinquencies Experience First Increase in Seven Years. in. Hurricanes Harvey and Irma, monthly foreclosure starts were at their lowest in more than 17 years.. from number 50 among.
Irma hit. over 90 days past due or in foreclosure, rose 14 percentage points to 16 percent. The company extrapolated those numbers to estimate that a similar pattern among Harvey’s victims could.
Hurricane fallout drives surge in past-due mortgages. in September given the fallout from Hurricanes Harvey and Irma, according to a first look at September mortgage performance statistics.
Mortgage lending grows riskier in Texas, Florida after hurricanes. Harvey and Irma hit, mortgage risk in Florida and Texas was decreasing, however the storms cause the trend to reverse course.
· Black Knight: "Hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages" 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.
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· Back in September, after Harvey struck Texas, a Black Knight analysis predicted 160,000 borrowers could become 90 days or more late on their mortgage payments as a result of the storm. In November, there were 666,000 seriously delinquent loans,
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“Hurricanes Harvey and Irma significantly impacted 2017 mortgage performance metrics,” says Ben Graboske, executive vice president for Black Knight Data and Analytics, in a statement. “Overall, there.