October 24th, 2018

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According to this survey conducted by Black Knight Inc., September saw a 13.2% hike in mortgage delinquencies, which was the largest single-month jump since November 2008. A large number of these delinquencies were brought about by the aftermath of Hurricane Florence (6000 homeowners have already missed a payment due directly to Florence). According to the article, “Nationally, 240,000 homes joined those 30 or more days past due but not in foreclosure, taking the total to 2,049,000.”

Beau Vermillion