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Delinquencies Soar in Storm Impacted Areas

(Mortgage News Daily) - 1 years, 3 months ago
 Posted To: MND NewsWireAs predicted, mortgage delinquencies resulting from Hurricanes Harvey and Irma continued to play out in October. Black Knight Financial Services, in its "First Look" at the month's loan performance data, said the delinquency rate spiked in both Texas and Florida, skewing the national data. The US delinquency rate rose 4 basis points (bps) during the month, but removing those two states from the equation results in a 14-bps decline. Delinquency rates in the t...
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