Florida leads nation in February mortgage delinquency rate; Irma could be to blame – Jacksonville Business Journal

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Now is the prime time to move back office banking operations, data shows, and Jacksonville is high on the list of new locations.

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The mortgage delinquency rate sits at its lowest point in over 20 years after descending annually for 17 straight months through May, according to CoreLogic .

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Other Florida cities have more widespread mortgage delinquency issues, Trans-Union data shows. Miami’s delinquency rate, for example, has climbed from 1.73 percent in the fourth quarter of 2006 to.

Resorts and hotels there could suffer instant destruction from Irma’s winds or lingering damage if vacationers stay away. "We will still have our beaches after Irma, but some people who were planning to come to Florida will change those plans," said Sean Snaith, an economics professor at the University of Central Florida.

After a busy hurricane season, South Florida homeowners continue to miss mortgage payments, CoreLogic said Tuesday.In the three-county region, 11.6 percent of mortgages were delinquent by at least.

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Florida leads nation in February mortgage delinquency rate; Irma could be to blame. About 128,000 hurricane-related delinquent mortgages remain in Texas, Florida and Georgia. Nationally, the loan delinquency rate is up 2.1 percent since last year, but has decreased .21 percent from January to February. Foreclosure starts fell 25 percent from January to February after reaching a 12-month high in January.

Florida leads the nation in mortgage fraud – a dubious distinction the state has held for the past five years, according to a new report from LexisNexis Risk Solutions . The Alpharetta, Ga.-based data and analytics firm said Florida’s mortgage fraud rate "is more than five times the expected rate of fraud for the state,” based on the.

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17 hours ago. CoreLogic (CLGX), a leading global property information, The report shows that nationally 3.6% of mortgages were in some. Metropolitan Areas; CoreLogic May 2019 (graphic: business Wire). The nation's serious delinquency rate this May tied with April as the.. American City Business Journals.