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.

Mortgage delinquencies spike in Manatee-Sarasota. Blame Hurricane Irma 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.

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.

Using the New York Fed Credit Panel data set, constructed from Equifax credit report data which offers insight into mortgage balances and payment behavior, both in Puerto Rico and on the mainland, they determined that, because the moratoria prevented the reporting of delinquencies for participating mortgages on credit reports, mortgage delinquency has been “muted in Puerto Rico, dropping.

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Manatee, Sarasota counties under hurricane watch, South Florida under hurricane warning Mortgage Marketplace Lender LendingHome Surpasses $ 2 Billion in Loan Originations (Crowdfund Insider), Rated: AAA. On Monday, mortgage marketplace lender LendingHome announced it has originated more than $2 billion in mortgage loans for homeowners and real estate investors. The online lender revealed that the first billion of originations occurred over the course of 30 months, while it took.

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