Mortgage delinquencies are down across the U.S. — but up in South Florida. Here’s why.

Mortgage Delinquencies Remain Low in June Sep 13 2017, 10:13AM CoreLogic reported on Tuesday that the national mortgage delinquency rate in June was again the lowest in nearly a decade .

Some 14% of mortgages delinquent or in foreclosure. "The issue this quarter is that the seasonally adjusted delinquency rates went up while unadjusted rates went down," said Jay Brinkmann, MBA.

The number of delinquent loans is down 12.2 percent. (10.7 percent), and florida (10.6 percent), according to Black Knight. The five states with the lowest non-current mortgage loan percentage were.

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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.

But I will say that on a really positive note we have not seen a. Even as some might remain skeptical over whether undocumented. Delinquencies on such loans tend to be lower than typical. Additionally, ITIN mortgages made up about 86 percent of the credit. Marion / Carbondale (Southern IL).

Mortgage delinquency rates in South Florida dipped in December, but still remained far higher than the national average.

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 · It probably comes as no surprise that the Southwest Florida housing market is heating up – and has been for the last few years. This is causing a multi-year boom in Sarasota real estate prices. The average home value across the entire county is on.

The Federal Reserve cut interest rates Wednesday. For most Americans, the Fed’s first rate cut in over a decade could mean a reprieve in escalating borrowing costs. At the same time, savings.