$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas

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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According to a preliminary analysis by Black Knight released today, florida fema-designated disaster areas related to Hurricane Irma include a whopping 3.1 million mortgaged properties..Combining the preliminary estimates for both Harvey and Irma suggests.$696 billion in notional mortgage values,

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When The Market Finally Implodes, Don’t Say These Charts Didn’t Warn You (MW) S&P 500 Buybacks Have Dropped By 25% Since The First Quarter Of 2016 (MW) Fed’s Balance-Sheet Unwind Will Be Moment Of Truth For Financial Markets (MW) $700 Billion Unpaid Mortgage Balances In Harvey And Irma Disaster Areas (ZH)

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas. 09/18/2017 By Jeremy E McDonald Leave a Comment (Zero Hedge) Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial.

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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.

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$700B unpaid mortgage balances in Harvey and Irma disaster areas. Putting the Harvey damange in context, after Hurricane Katrina mortgage delinquencies in Louisiana and mississippi disaster areas spiked by 25%. The same could happen in Houston, as borrowers without flood insurance weigh their options and decide to walk away from the property.