Black Knight’s First Look at September 2017 mortgage data: hurricanes Irma and Harvey Drive Surge in Past-Due Mortgages.. non-current mortgages (those at least 30 days past-due or in active.
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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.
In its Mortgage Monitor for September, Black Knight outlined the first wave of mortgage delinquencies that appeared to be arising out of Hurricanes Harvey and Irma that struck primarily in Texas.
The company’s Firs Look Mortgage Monitor said non-current mortgages (those at least 30 days past-due or in active foreclosure) jumped by 214,000 (+9 percent), primarily by fallout from Hurricanes Harvey and Irma. The increase marked the first rise in mortgage delinquencies since July 2010.
Although hurricanes Harvey, Irma and Maria drove up the U.S. mortgage delinquency rate in the fourth quarter, overall mortgage performance continued to improve in 2017, according to Black Knight’s Mortgage Monitor Report. "Hurricanes Harvey and Irma significantly impacted 2017 mortgage performance metrics," says Ben Graboske, executive vice president for Black Knight Data and Analytics.
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Mortgage. This was an increase of 36 bps from the same quarter in 2016. The delinquency rate includes loans that are at least one payment past due, but not loans for which the foreclosure process. Black Knight’s First Look at September 2017 Mortgage Data Hurricanes Irma and harvey drive surge in Past-Due mortgages. october 19, 2017.
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Past-due mortgages increase in wake of hurricanes October 26, 2017 The number of non-current mortgages and mortgage delinquencies in the U.S. rose significantly in September, in large part due to Hurricanes Harvey and Irma. Delinquencies have increased significantly since both storms have hit, climbing higher than they’ve been since July 2010.
NEW YORK, Nov 15, 2017 (BUSINESS WIRE) — Kroll Bond Rating Agency (KBRA) has reported on the potential impact areas of Hurricanes Harvey and Irma but their effect on mortgage delinquency. related.