US storms cause ‘remarkable’ spike in mortgage delinquencies

David Bell

November 29, 2017 09:15 PM

PA- Irma weakens — September 11, 2017 - Gulf Of Mexico, United States - Tropical Storm Irma as it makes way over Georgia and into Tennessee after sweeping up the state of Florida as Category 4 Hurricane Irma as shown by the GOES-16 satellite September 11, 2017. (Credit Image: © Noaa/Planet Pix via ZUMA Wire) | Noaa/Zuma Press/PA Images

Hurricanes Harvey, Irma and Maria have caused US mortgage delinquencies to rise to the highest level in four years, but policies put in place by government sponsored agencies have largely insulated mortgage credit risk transfer investors from any fallout.

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Topics

JP Morgan RMBS Securitization United States Americas North America

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David Bell