Black Knight: National Mortgage Delinquency Rate increased in November due to Hurricanes

From Black Knight: Black Knight's First Look at November 2017 Mortgage Data: Continued Hurricane-Driven Effects Lead to Largest 90-Day Delinquency Increase in Nine Years • 90-day delinquent mortgage inventory spiked 13 percent in November, the largest monthly increase since 2008 as the financial crisis began to unfold • While 90-day delinquency increases are common in November, the volumes seen this year are noteworthy • Over 85 percent -- approximately 66,000 -- of the month's 77,000 new severely delinquent loans can be attributed to hurricanes Harvey and Irma • As a result, the current......(read more)

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