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Early-stage mortgage delinquencies jump after hurricane season

Even as overall delinquencies decreased, early-stage delinquencies saw an uptick after last year’s active hurricane season. But CoreLogic explained while the national impact of the recent hurricanes will soon fade, the human impact will remain for years.

CoreLogic: Early-stage delinquencies on the rise after recent hurricane season. down 0.1 percentage point from October 2016 when 5.2% of all homes with a mortgage were in a stage of delinquency.

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Home / Daily Dose / Mortgage Delinquencies Begin to Recover from Hurricane Season Print This Post.. early-stage mortgage delinquencies spiked during September 2017, after Hurricane Harvey had.

Jump In Late Mortgages After harvey sparks foreclosure Fears.. During last year’s hurricane season, mortgage financiers such as Fannie Mae and Freddy Mac encouraged lenders to offer homeowners a forbearance – a temporary suspension or reduction in their mortgage payments – for up to 12.

The 1.9 percent serious delinquency rate in June, July, August, September and October of this year marks the lowest level for any month since it was also 1.9 percent in October 2007. "After rising in September, early-stage delinquencies declined by 0.1 percentage points month over month in October.

Even as overall delinquencies decreased, early-stage delinquencies saw an uptick after last year’s active hurricane season. But CoreLogic explained while the national impact of the recent.

Homeowners impacted by recent hurricanes are currently eligible to temporarily stop making monthly mortgage payments for three-month intervals (up to 12 months). At the end of this temporary payment break, homeowners: Will not incur late fees. Will not have delinquencies reported to the credit bureaus.

Real estate daily market update: January 9, 2018.. Early-stage mortgage delinquencies increased following active hurricane season. Overall mortgage delinquency rate fell 0.1 percentage points.

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 · Home AP News Jump in late mortgages after Harvey sparks. reports by real estate and financial firms show the storm’s destruction caused a significant increase in mortgage delinquencies, prompting fears by nonprofit and legal aid groups about a possible wave of foreclosures in the coming months.. During last year’s hurricane season.