National Mortgage News-
March’s increase in foreclosure starts was a direct result of the end of the moratorium for borrowers affected by Hurricanes Harvey and Irma, Black Knight said.
There were 52,100 foreclosure starts in March, up 11.56% over February’s 46,700. Florida and Texas were responsible for two-thirds of that increase, Black Knight said in its monthly first look report.
Compared to last March, foreclosure starts were down 13.6%.
On the good news side, serious delinquencies attributable to Hurricanes Harvey and Irma declined by 19,500 loans.