Black Knight Inc, release their first look for their upcoming October report. 30 day delinquencies were down as expected and 90 day delinquencies were up, largely due to hurricane related reasons.
Non-performing loan investors should take a closer look at the state by state numbers which indicate larger inventory in the southeast not the west and northwest.
Also as of October 31st, Alabama has only spent 53% of their Hardest Hit Funds money, leaving them with about $40 million. This makes Alabama a very attractive market for NPL investors. Mississippi has spent 80% of their HHF money leaving them with about $23 Million.