More than 25% of LA Palisades Borrowers at Risk of Delinquency
A home destroyed by the Palisades Fire in the Pacific Palisades neighborhood of Los Angeles on Jan. 9.
Photographer: Michael Nigro/BloombergThis article is for subscribers only.
More than one in four borrowers in the area of the Los Angeles Palisades fire are at risk of falling behind on their mortgages this month, according to preliminary estimates from Intercontinental Exchange Inc.
The rate is lower in the Eaton wildfire zone, where one in six borrowers are in danger of missing this month’s payment, according to ICE, which tracks US mortgages. In total, as many as 3,300 borrowers are at risk, a major increase from the estimated 680 borrowers who missed mortgage payments in January.