Hurricane Aftermath Continues to Affect Mortgage Delinquency

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More than five months after Hurricane Irma made landfall as a Category 4 storm in the Florida Keys, the magnitude of the hurricane’s long-term effects continue to come into focus in the.

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FHA provides mortgage insurance for Single Family, Multifamily, and. This guarantee of payment in the event of default enables lenders to. At this time, the expected loss from the damage caused by these hurricanes cannot be reasonably. The HECM portfolio also continues to adversely impact the.

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And just like a hurricane. third of the region’s families not making rent or mortgage payments "puts some real stress on the family structure." Demand still exists Meanwhile, the military community.

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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.

Amidst all the heartache for individuals suffering in the aftermath of Hurricane Irma, there mortgage assistance to repair and rebuild their homes.. Lower mortgage delinquency rates may be signaling a stronger housing market for the remainder of 2017 and into 2018, as the U.S. economy continues to improve. Mortgage delinquency rates are at a.

 · "The impacts of Hurricane Katrina on Louisiana and Mississippi caused the U.S. mortgage delinquency rate to rise significantly in the third quarter of.

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