Home / Tag Archives: Hurricane Maria

Tag Archives: Hurricane Maria

Hurricane Maria Caused Nearly 3,000 Fatalities, New Study Reveals

hurricane maria

Nearly a year ago, Hurricane Maria made landfall on the island of Puerto Rico, destroying thousands of homes resulting in more than $90 billion. A report released today has now found that the fatalities far exceeded the official number of 62, reported previously. Click through to learn more about the effects of this deadly storm that are still impacting the day-to-day lives of Puerto Rico’s residents.

Read More »

Puerto Rico Receives Mixed Messages From Treasury, FHA

hurricane maria

The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, ...

Read More »

Mortgage Delinquencies Dip, Foreclosure Starts Spike

Mortgage delinquencies dropped 8.6 percent between December and January, but remained up year-over-year, according to the latest First Look at January mortgage performance data from Black Knight, Inc. Black Knight cites calendar-related effects and a continued decrease in hurricane-related delinquencies ...

Read More »

FEMA Aid for Some Displaced Puerto Ricans Running Out

hurricane maria

At the beginning of February, HUD announced that $1.5 billion in aid was being allocated toward Puerto Rico’s recovery from a brutal hurricane season, designed to “support long-term recovery of seriously damaged housing and local businesses in Puerto Rico,” according ...

Read More »

Early-Stage Mortgage Delinquencies Dropped in Q4 2017

According to the MBA’s Fourth Quarter 2017 National Delinquency Survey, general downward trends for mortgage delinquencies continued as 2017 wrapped up, even after the impact of a historically damaging hurricane season. "The 30-day delinquency rate actually dropped by 15 basis ...

Read More »

Weathering the Next Storm in REO

It wasn’t the perfect storm, but more like a perfect series of storms: Harvey, Irma, and Maria all hit in swift succession. And while 2017 didn’t set the record for the number of 1,000-year storms (there were six in 2016), ...

Read More »

Could New Jersey Help Abate Puerto Rico’s Foreclosure Crisis?

As the island continues its long recovery from the devastating impact of Hurricane Maria, Puerto Rico is on the cusp of a dire foreclosure epidemic. According to a December 2017 report by The New York Times, around one third of ...

Read More »

Foreclosure Starts and Completions Hit 17-Year Lows

Mortgage delinquencies hit a 23-month high as 2017 wrapped up, surging by 164,000 year-over-year, according to the latest Mortgage Monitor Report from the Data and Analytics Division of Black Knight, Inc. However, that figure only tells part of the story. ...

Read More »

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.