· Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: 9 billion; total unpaid mortgage balances in Hurricane Katrina-related FEMA disaster areas: $46 billion
ZetaTalk Newsletter for October 1, 2017. Posted by Nancy Lieder on September 28, 2017 at 7:04pm;. $700 Billion Unpaid Mortgage Balances in Hurricane Harvey and Irma Disaster Areas September 18, Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week estimated that as many as.
In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times the amount as in those related to Harvey and more than 11 times of those connected to Katrina.
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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas According to a preliminary analysis by Black Knight released today, Florida FEMA-designatedto Hurricane Irma include a whopping 3.1 million mortgaged properties.
Who Gets Hit by Mortgage Losses in Harvey and Irma Areas? by Wolf Richter – Wolf Street "We need to ask for a policy change because the burden with these losses is too big." Somebody is going to pay for losses on mortgages of homes that were destroyed by Hurricanes Harvey and Irma.
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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas By Zero Hedge September 18, 2017 Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment.
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· The report shows in disaster areas from Harvey and Irma combined, a total of $705 billion in unpaid principal balance was hit. That is spread across 4.38 million mortgaged properties.
The 48 disaster areas affected by Irma include over 90 percent of Florida’s mortgaged properties and $526 billion in UPB; 5 percent of the U.S. Market. Nearly three times the number of borrowers.
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Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent on their loans and 160,000 could become seriously delinquent, or more than 90 days past due.