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Houston mortgage delinquencies surge after HarveyHouston mortgage delinquencies surge after Harveyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=203632018-06-14T05:00:00Z2018-06-14T19:00:00Z

​​HOUSTON – ​While delinquent home mortgages dropped nationwide, local mortgage delinquencies rose in March 2018, according to a CoreLogic​​​​ report. 

​​Area mortgages at least 30 days past due climbed to 7.6 percent, up from 5.3 percent in March 2017. 

“Last year’s hurricanes and wildfires continue to affect today’s default rates,” said Frank Martell, president and CEO of CoreLogic. “Serious delinquency rates are more than double what they were before last autumn’s hurricanes in Houston, Texas, and Naples, Fla. The serious delinquency rates have also quadrupled in Puerto Rico.”

Nationwide, 4.3 percent of mortgages were at least 30 days late.

Across the country, only three states—Alaska, Florida, and Texas—saw an increase in the serious delinquency rate, or those mortgages more than 90 days past due, including loans already in foreclosure. Every other state across the country saw this rate decrease.​

Houston Business Journal
Houston-The Woodlands-Sugar Land
Housing
https://www.bizjournals.com/houston/news/2018/06/12/report-houston-mortgage-delinquencies-rise-due-to.htmlRead more at {Source}

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