Black Knight’s First Look at December 2017 Mortgage Data: 90-Day Delinquencies Jump Again as Hurricane Fallout Continues
Black Knight, Inc. (BKI)
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Source: GlobeNewswire
JACKSONVILLE, Fla., Jan. 23, 2018 (GLOBE NEWSWIRE) -- An additional 60,000 mortgages became 90 days delinquent in December, driven by both continued hurricane-related fallout as well as upward seasonal and calendar-related pressures There are now 142,700 90+ days delinquent loans attributed to Hurricanes Harvey and Irma, representing 20 percent of all severely delinquent loans nationwide102,500 severely delinquent loans in affected areas of Florida and Georgia can be attributed to Hurricane Irma, while another 40,200 are the result of Hurricane Harvey in southeastern TexasFlorida has now overtaken Mississippi as the state with the largest share of severely delinquent mortgages The overall delinquency rate (representing loans 30 or more days past due, but not yet in active foreclosure) also rose another 3.47 percent to its highest level since early 2016December’s 6.54 percent year-over-year rise marked the fourth consecutive month of annual increases to the national delin
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