Tuesday , 20 February 2018

Storm Stricken States Now Showing Serious Delinquencies

By Jann Swanson

Posted To: MND NewsWire

Last fall’s hurricanes again dominate the CoreLogic November Loan Performance Insights Report, although the nature of the storms’ influence has changed . The company says that the U.S. mortgage delinquency rate was down 0.1 percent from the previous November, as fewer loans transitioned from current to an early non-current stage, but serious delinquencies spiked in the storm areas. The national delinquency rate was down 0.1 percent from November 2016, to 5.1 percent. That rate includes all loans that were 30 or more days past due, including those in foreclosure. Early delinquencies, those 30 to 59 days past due, represented 2.2 percent of all mortgages, down 0.1 point from October and unchanged from a year earlier. The share of mortgages that were 60-89 days past due in November 2017 was 0…(read more)

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