Rise in hurricane recovery times could strain mortgage servicers

Mortgage Delinquencies Begin to Recover from Hurricane Season. Nationwide, the 30-day-plus mortgage delinquency rate was 5.1 percent in October 2017, down from 5.2 percent in October 2016. The national foreclosure inventory rate in October 2017 was 0.6 percent, down from 0.8 percent in October 2016.

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Supplies reaching the island were stuck in port, with delivery efforts hampered by destroyed roads, power failure, and non-existent telephone service. "On Puerto Rico, the desperation and frustration only grew," reported The New York TImes (see: "Trump Administration Is Pressed to Step Up Hurricane Recovery in Puerto Rico," by Helene Cooper.

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New mortgage lending in the UK is set to evaporate next year as banks shy away from previous lending levels, a new report commissioned by the government has revealed.The Crosby Report, compiled by Sir James Crosby at the government’s request, predicted that net new mortgage lending would fall below zero in 2009, down from £40 billion in 2008 and substantially lower than 2007’s lending figure.

Could the Hurricane Aftermath Lead to a Foreclosure Epidemic?. they had fallen behind in their rent or mortgage. During last year’s hurricane season, mortgage financiers such as Fannie Mae.

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Credit underwriting and appraisal documents can be up to 180 days old at time of closing. Additional guidelines for mortgage assistance options can be found here. Homeowners who have been affected by Hurricane Irma or Hurricane Harvey can find additional information here or by visiting the hurricane relief page on www.MBA.org. In addition.

Rushmore Loan Management Services LLC is a multi-faceted residential mortgage servicer located in Irvine, California, Dallas, Texas and San Juan, Puerto Rico. Rushmore is a customer-focused organization that believes in providing the highest level of customer care.

 · EAST HARTFORD, Conn. (AP) – After Hurricane Maria flooded her home in Dorado, Puerto Rico, Cristina Fuentes, her husband and three children fled to.

New-home sales decline in January to three-month low After two months of declines, US existing-home sales increase in February. by Claire Brennan March 22, 2018. After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent from.NYC Council approves Midtown rezoning, paving way for new towers JPMorgan said to fund luxury-condo tower at One Wall Street n the Jersey side of the Hudson River just across from Manhattan’s Financial District, there is a glass-and-steel office tower designed in. from stocks and bonds to mutual funds and derivatives. In.The New york city council voted to rezone about 78 blocks of east Midtown Manhattan, enabling an aging building stock to be replaced by newer, larger and taller office towers. The proposal, recommended last month by council subcommittees, was approved Wednesday by a 42-0 vote.

"As a result of Hurricane Harvey, leasing activity has picked up substantially," he said. Construction firms should also receive a boost from the recovery effort. ray vitulli, president and chief operating officer of Allegiance Bank in Houston, said demand for construction loans could increase as people rebuild.

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