Mortgage delinquencies spike in Manatee-Sarasota. Blame Hurricane Irma

Mortgage delinquencies spike in Manatee-Sarasota. blame hurricane irma mortgage delinquencies still high. Hurricane Irma’s financial toll on real estate continues, with the latest statistics showing a rise in the number of home mortgages in some stage of default.

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Mortgage delinquencies are down across the U.S. – but up in South Florida. Here’s why. Four months after Hurricane Irma made landfall in the Keys and worked its way up Florida’s west coast, the scope of the storm’s long-term effects are still coming into focus. According to the latest monthly Loan Performance Insights Report by.

Delinquencies were up on an annual basis, rising by 2.10 percent or 63,000 loans. The company said that the slowing rate of decline in delinquencies was directly attributable to mortgages on.

As a licensed mortgage wholesale lender committed to broker and correspondent lending, we offer a wide variety of services and programs that satisfy the unique needs of each of our clients.Best bets for fun on the Treasure Coast – July 29-31 Mortgage Masters Group Mortgage delinquencies spike in Manatee-Sarasota.

Hurricane Irma cited as one cause. Florida ranks alongside two other states that logged increases in the serious delinquency rate on home mortgages, a new report from CoreLogic shows.

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According to CoreLogic, rents tend to spike after disasters, as illustrated in the aftermaths of Hurricanes Irma and Harvey as well as the Tubbs fire. Delinquencies also increase as impacted residents.

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