Florida FHA Loan News

Mortgage delinquencies spike in Manatee-Sarasota. Blame Hurricane Irma

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There was a 1.3% uptick in mortgage application defects in September from the previous month, with states affected by Hurricane Florence showing preliminary spikes in activity following the storm, according to First American.

The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month, but in a slightly different way than last month. Short-term delinquency rates (30 days late) are lower than what we saw last month, but more serious delinquencies are still up.

Is Sarasota, Florida, Evacuating Because of hurricane irma? [updated] Hurricane Irma is headed toward the Bahamas and then will move straight on toward the United States, bringing some nasty weather to Florida over the weekend. The storm is still a Category 5 as it rips through the caribbean leaving sheer devastation in her wake. While Irma’s.

Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent on their loans and 160,000 could become seriously delinquent, or more than 90 days past due.

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.

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Freddie Mac confirmed today that its disaster relief options will be available to homeowners in Puerto Rico, the U.S. Virgin Islands and the U.S. mainland as Hurricane Irma approaches.

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Tampa Bay mortgage delinquencies climbing due to Hurricane Irma. The percentage of those 90 or more days late inched up to 3.8 percent from 3.6 percent in November 2016. In Florida and Texas, hard hit by Hurricane Harvey "serious delinquencies are up sharply. compared to a year ago, while lower in all other states except Alaska," said Frank Nothaft,

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