While the foreclosure rate eased last month, mortgage delinquency edged higher. Loan performance is beginning to be impacted by hurricane activity.
As of Aug. 31, 2017, there were 2.389 million U.S. residential loans that were either at least 30 days delinquent or in the process of foreclosure.
The total included 2.003 million mortgages that were past due at least 30 days and another 385,000 properties in the foreclosure pre-sale inventory.
Source: Mortgage Daily