Houston home payments running behind after HarveyHouston home payments running behind after Harveyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=200942018-05-10T05:00:00Z2018-05-10T20:00:00Z

​​​DALLAS – Houston still has one of the highest late home loan payment rates in the country thanks to Hurricane Harvey.​

​Almost 9 percent of Houstonians were at least one month behind on their home mortgage payments in February, according to CoreLogic. Almost 5 percent of Houston's home mortgages were​ seriously overdue. The nationwide late loan rate was just 4.8 percent.

Homeowners were even further behind in their payments in the Miami area, where over 10 percent of mortgage payments were overdue.

​Only 4.4 percent of Dallas ​​homeowners were at least one month behind in their loan payments in February—down from 4.8 percent in February 2017. CoreLogic estimates 1.4 percent of Dallas homeowners are 90 days or more behind in payments.

Only 0.3 percent of DFW home mortgages were in foreclosure in February.

During the worst of the recession in 2010, more than 5 percent of Metroplex mortgages were seriously delinquent. About 1.5 percent of all loans were in foreclosure.

​For all of Texas, 6.1 percent of homeowners with loans were late with their payments and 0.3 percent of mortgages were in foreclosure.

Dallas Morning News
https://www.dallasnews.com/business/real-estate/2018/05/08/texas-home-payments-still-running-behind-thanks-last-years-stormsRead more at {Source}

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