Seven Accused of Taking Homes Worth $12 Million From the Living and the Dead [5-11-18] Article Courtesy of The Sun Sentinel By Wayne R. Roustan and Anne Geggis Published May 11, 2018 A ring of thieves illegally took ownership of more than 40 homes across South Florida in a multimillion-dollar plan – even stealing properties that.
Mortgage Delinquencies are Down; Debt is Up. The delinquencies fell by nearly a full percentage point over-the-year in the fourth quarter of 2015, from 3.29 percent down to 2.37 percent, according to TransUnion. The 28 percent decline is double the amount of decline the delinquency rate experienced from Q4 2013 to Q4 2014,
Mortgage delinquencies are down across the U.S. – but up in South Florida. Here’s why. According to a monthly study by CoreLogic, the number of delinquent mortgages in South Florida grew for the month of October 2017, likely because of Hurricane Irma.
Take for example South Florida’s largest bank, Miami Lakes-based BankUnited, which announced in 2016 that it would no longer originate residential mortgages. Other banks across. half of mortgage.
Hurricane season responsible for 10% of delinquent mortgages. Let’s make 2018 your breakout year! While mortgage payment delinquencies are generally down across the country, they were explainably up in states hit by Hurricanes Irma and Harvey, resulting in a slightly raised annual delinquency rate, according to the October 2017 Black Knight Mortgage Monitor.
It’s happening across Florida and. are letting these properties go down the tubes,” Shearin said. “Here’s a guy trying to help out, and he ends up in jail.” The attempted takeovers are more fallout.
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U.S. serious delinquency and. more light on the storm’s impact on mortgage payments. “Outside of areas affected by natural disasters, serious delinquency and foreclosure rates have declined.
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Mortgage delinquencies are down across the U.S. – but up in South Florida. Here’s why. South Florida’s uptick in early-stage mortgage delinquencies, defined as 30-59 days past due, belies the national trend. According to CoreLogic’s report, the U.S. rate for early-stage mortgage delinquencies was 2.3 percent in October 2017, up 0.01 percent from October 2016.
The percentage of auto loans that were over 90-days delinquent rose to 4.3% in the first quarter, up from 3.8% in the year prior, according to a quarterly report from the New York Federal Reserve.