Mortgage Delinquencies are Forecasted to Rise in the Coming Months

Mortgage Troubles in the Wake of Harvey and Irma

There was a total of 54,700 new foreclosure starts in the month of August 2017, which is an increase month-over-month of 2.63 percent, but a year-over-year decrease of 20.49 percent. The number of total national properties 30 or more days delinquent, but not yet in foreclosure, amounted to 2.003 million, and increase of 17,000 from the month prior but a decrease of 148,000 year-over-year. The number of properties 90 days past due, yet still not in foreclosure also declined year-over-year by 112,000, but rose month-over-month by 2,000 to a figure of 557,000.

Read Full Article [Source: www.dsnews.com]