October 24th, 2018

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.”