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Mortgage Delinquencies Jump 16 Percent in Affected Areas #TimeToBuy
#TimeToSell #ChrisBJohnsonRealtor 
Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home.
Nationally, delinquencies remained relatively flat from July, while delinquencies in Hurricane Harvey- impacted areas rose by 16 percent month over month Despite most payments being due August 1, and the storm making landfall near the end of the month, its effect on mortgage delinquencies is already being felt Over 6,700 new 30-day delinquencies can be attributed to Harvey, while an additional 1,000 borrowers who were already 30-days past due missed an additional mortgage payment in August as a result of the storm Based on observations from previous hurricanes, the heaviest impact on mortgage delinquency rates will come in September JACKSONVILLE, Fla. – September 21, 2017 – The Data and Analytics division of Black Knight Financial ​Services (NYSE: BKFS) reports the following “first look” at August 2017 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market.
 

 
 
 
 
 

 
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
 
Notes:
1) Totals are extrapolated based on Black Knight Financial ... more

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