Times Staff Writer
The percentage of Tampa Bay homeowners who are late on their mortgage payments rose slightly in September, probably due to Hurricane Irma. According to CoreLogic, 7 percent of bay area mortgages were delinquent by at least 30 days compared to 6.4 percent a year earlier.
Nationally, September’s early-stage delinquency rate increased by 0.3 percent from a year ago, the largest increase since June 2009.
"This does not reflect a deterioration in credit, but rather the impact of the hurricanes in Texas, Florida and Puerto Rico," said Frank Nothaft, CoreLogic’s chief economist. But, he added, early-stage delinquencies in September were much lower than in New Orleans after Hurricane Katrina in 2005.
On a positive note, the percentage of Tampa Bay homeowners who were "seriously delinquent" in September — at least 90 days late — dropped a full percentage point to 2.8 percent from a year earlier. Just 1 percent of bay area homes with mortgages were in some stage of foreclosure compared to 1.6 percent a year earlier.