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.
The worldwide supply and demand for money determines what we pay for all kinds of financing, including mortgages. As much as Hurricane Harvey was a huge event, its impact on mortgage rates has.
The JPMorgan Chase Institute draws transaction-level data from over one million checking account holders to provide a first-ever daily look at the impacts of Hurricanes Harvey and Irma on financial outcomes. We find that checking account inflows temporarily dropped by over 20 percent, or roughly.
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Morgan Stanley on economic impact of Hurricanes Harvey and Irma. First look at Microsoft’s new folding phone the Surface Duo and dual-screen. Data is a real-time snapshot *Data is delayed at.
Financial Impact of Hurricanes. The financial impact of Hurricane Harvey and Hurricane Irma has gone well into the billions of dollars. However, these estimates are expected to rise when relief efforts are completed. But this could take months or even years before final figures are tallied.
Nationally, the number of non-current mortgages (those at least 30 days past-due or in active foreclosure) jumped by 214,000 (+9 percent), driven primarily by fallout from Hurricanes Harvey and Irma. Much of the recent economic data has been skewed by the impact of hurricanes Harvey and Irma, which decimated the southeastern. and services produced in the U.S.
Mortgage Delinquencies Begin to Recover from Hurricane Season. CoreLogic reports that early-stage delinquency rates peaked at over 7 percent in some Texas markets during September 2017, as the Lone Star State dealt with the impacts of Hurricane Harvey’s landfall in August 2017. According to the National Oceanic and Atmospheric Administration’s.
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Given the timing of the hurricanes and based on observations from previous hurricanes, the worst of the impact from Hurricanes Harvey and Irma was predicted to come in September. Now almost two months after Hurricane Harvey, Black Knight’s "first look" report at the September 2017 mortgage data provides initial numbers on the impact of the hurricanes.