MGIC Investment Corp. (MTG)

[tommiegun54]

300,000 IRMA DELINQUENCIES IN SEPTEMBER REPORT

AN ESTIMATED 300,000 DELINQUENCIES WILL SHOW UP IN SEPTEMBER REPORT FROM HURRICANE IRMA, ACCORDING TO "BLACK KNIGHT FINANCIAL".

"HOUSING WIRE" wrote:

In addition, Black Knight estimates that as many as 3.1 million mortgaged properties in Florida could be impacted by Irma – nearly three times as many impacted by Harvey and nearly seven times as many impacted by Katrina.

As a result of Irma, up to 300,000 borrowers in Florida could miss at least one mortgage payment and up to 160,000 could end up becoming 90 days or more past due – about the same levels of delinquency caused by Harvey, but spread across more properties and a much larger geographic area.