Foreclosure starts rise as moratoria in Texas and Florida end

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Foreclosure starts rise as moratoria in Texas and Florida end

Foreclosure starts rise as moratoria in Texas and Florida end

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.

[NATIONAL MORTGAGE NEWS]

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