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.
CoreLogic ® (NYSE: CLGX) today released its monthly Loan Performance Insights Report showing that, nationally, 4.2% of mortgages were in some stage of delinquency (30 days. s hurricanes and.
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Declining Mortgage Delinquency Rates as Hurricane-Impacted States Show Improvement.. "Last year’s hurricanes and wildfires continue to affect today’s default rates.
The aftermath of Superstorm Sandy continues to affect thousands of New Jersey residents and may. “People across the economic spectrum were affected.” Children in hurricane-damaged homes are at.
Real Estate Weekly Review. Outside of the REIT space, the other real estate equity sectors were mixed on the week. Homebuilders (XHB) and commercial construction (PKB) were higher by roughly 1% on the week. Mortgage REITs (REM) declined 2% as investors anticipate a rise in mortgage delinquency in the aftermath of the storms. international real estate (vnqi) rose 1.3%.
Mortgage Payment and Foreclosure Moratoria in Puerto Rico One major concern in the storms’ aftermath was that many homeowners would fall behind on their mortgages and possibly face foreclosure, with some experts predicting a large wave of post-storm delinquency and foreclosures. However, a number of temporary policies were implemented to.
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In the aftermath of a disaster, it is normal for both companies to offer special relief provisions to help "deserving" borrowers as long as they will "result in bringing the mortgage current.
The number of new foreclosure actions fell to among the lowest in. As the housing market continues to recover from the financial crisis, aftermath of last year's massive hurricanes, have not only recovered. In the months after the storms, many affected homeowners had trouble paying their mortgages.
A mortgage servicer. generally should not begin or continue any foreclosure action during the next 90 days. Instead, the company should work with the borrower to develop a formal relief provision.
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