States Affected By Natural Disasters See Increased Delinquency Rates for June 2018
According to a recent CoreLogic Insights Report, natural disasters have caused mortgage delinquency rates to climb in some states.
"Florida and Texas, two states impacted by hurricanes in 2017, have posted annual gains in overall delinquency rates," according to the report.
"As illustrated in a recent video blog from Dr. Frank Nothaft, the risk to mortgages in the months following a natural hazard can be substantial."
Despite the number of natural disasters that have occurred, the overall number of delinquencies is down from 4.6 percent to 4.3.
"The 30-plus delinquency rate, the most comprehensive measure of mortgage performance, is near a 10-year low," according to CoreLogic.
"The share of mortgages that transitioned from current to 30-days past due was 0.9 percent in June 2018, unchanged from 0.8 in June 2017."
To learn more about the current climate of mortgage delinquency rates as of June 2018, click on the image above.
