One-month delinquency on mortgages soared nearly a half-percentage point last month driven by deterioration in states impacted by the recent hurricanes.

Single-family loans that were either delinquent at least 30 days or in the foreclosure inventory numbered 2.603 million as of Sept. 30.

The non-current count was comprised of 2.245 million loans past due 30 days but not in foreclosure and 0.358 million loans in the foreclosure inventory.


Source: Mortgage Daily