Past-due mortgages increase after Harvey and Irma

Florida has now overtaken Mississippi as the state with the largest share of severely delinquent (more than 90 days past due) mortgages. Hurricane Irma’s after effects could be felt throughout.

"The most notable increase was in Florida, where delinquencies spiked 36 percent from September in hurricane-affected areas." Black Knight reported 229,000 past-due mortgages attributed to Hurricanes Irma (163,000) and Harvey (66,000).

Florida has now overtaken Mississippi as the state with the largest share of severely delinquent (more than 90 days past due) mortgages. to Irma. In Texas, 40,200 severely delinquent loans could be.

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.

North Korea, Debt Ceiling, Hurricane Harvey, Irma and Jose. Oh My! 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

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Those that were 90 or more days past due but were not in foreclosure totaled 576,000, up 19,000 from August but down 92,000 year-over-year. Areas hit by Harvey in Texas saw a 67 percent uptick in non-current inventory, while ravaged parts of Florida saw a 48 percent increase after Irma hit.

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If underinsured, they risk being susceptible to financial tragedy, which could prevent them from being able to pay their mortgage. The CoreLogic report looked at the increase. For example, after.

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Mortgage insurances companies earned significantly. million associated with the current evaluation of exposures from hurricanes Harvey and Irma. Old Republic posted an increase of 4.6% in its. , the sheer volume of homes hit by Hurricane Irma will likely cause an increase in mortgage delinquencies, but the comparison with Katrina.

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The mortgage interest deduction is among the tax deductions that still exist after the passage of the Tax Cuts and Jobs Act, but for many taxpayers it won’t be quite as valuable as it used to be. Past-due mortgages increase after Harvey and Irma Hurricanes Harvey & Irma: What They Could