Black Knight is expected to release their "First Look" mortgage delinquency data for September tomorrow morning. The Black Knight data includes mortgages 30 days or more delinquent (as opposed to the Fannie and Freddie data that is for serious delinquent loans). Since this includes short term delinquencies, I expect a sharp increase in mortgage delinquencies due to the hurricanes. It will take longer for the impact of the hurricanes to show up in the Fannie and Freddie data.
Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 240 thousand initial claims, down from 243 thousand the previous week.
• Also at 8:30 AM, the Philly Fed manufacturing survey for October. The consensus is for a reading of 20.2, down from 23.8.
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