Mortgage delinquency rates decline nationally, but Florida shows increase due to Irma

The mortgage delinquency rate fell to a 12-year low, with declines expected to continue as the unemployment rate stays down, according to corelogic. mortgage defaults elina tarkazikis october 9, 2018 Mortgage defaults Elina Tarkazikis October 9, 2018

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"There are now 697,000 seriously delinquent properties, defined as 90 days or more past due but not yet in foreclosure, with 128,000 of them located in Texas, Florida and Georgia," according to NMN. To learn more about the current delinquency rate for states affected by hurricanes Harvey and Irma, click on the image above .

The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 2.91 percent in the fourth quarter, an increase of 39 basis points.

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So far this year, loans have only shown an increase 8 times. The decline of mortgage rates could also be helping buyers feel more at ease about. She says that the market is slowing, not due to prices, but the still present inventory issue. In Florida and Texas, where Hurricane Harvey and Irma struck, new home.

Mortgage delinquencies spike in Manatee-Sarasota. Blame Hurricane Irma Mortgage delinquency rates decline nationally, but Florida shows increase due to Irma. by .. but Florida and Texas are still recovering from Hurricanes Irma and Harvey, respectively.

CoreLogic, Irvine, Calif., said mortgage delinquencies continued to decline in April, with only states affected by 2017 hurricanes lagging. The company’s monthly Loan Performance Insights Report said nationally, 4.2 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in April, an 0.6 percentage point decline from a year ago, when it.

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The delinquency rate in Florida increased by 1.2 percentage points from a year earlier due to effects from the hurricanes in late summer 2017. Texas, which had also seen increases in the overall delinquency rate since Hurricane Harvey, posted a small decrease of 0.1 percentage points in the overall delinquency rate from April 2017.