Mortgage Delinquencies Jump in Areas Hit Hard by Sandy
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Mortgage delinquencies have jumped about four times the U.S. average in areas of New York, New Jersey and Connecticut that were damaged by Hurricane Sandy, according to Lender Processing Services Inc.
The share of loans with late payments rose 3.7 percent nationwide from August to November, the Jacksonville, Florida-based company said in a report today. In ZIP codes hit hardest by the storm, delinquencies surged 15.4 percent in Connecticut, 15.2 percent in New Jersey and 14.8 percent in New York.