In the wake of Hurricanes Michael and Florence, lenders can expect a spike in mortgage delinquencies from Virginia to the Florida panhandle.
Two studies released this week found mortgage delinquencies rose significantly this past summer in parts of Texas and Florida hit by hurricanes a year ago.
"A decade after poorly underwritten mortgages triggered a housing market crash, it's clear that the foreclosure risk associated with those problem mortgages has faded," said Daren Blomquist, senior vice president at ATTOM Data Solutions.
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