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

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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*.

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas | 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 Services estimated that as many as 300,000 borrowers in.

There are 2.08 million mortgaged properties in Irma-related FEMA disaster areas, more than four times that of Katrina and twice as many as Harvey. Total unpaid mortgage balances for Irma areas are $370 billion. If the correlation worked, there could have been half a million mortgage delinquencies in Florida, but, again, the storms were different.

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas Total unpaid mortgage balances for Irma areas are $370 billion. If the correlation worked, there could have been half a million mortgage delinquencies in Florida, but, again, the storms were different.

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Although most mortgage. nearly $746 billion in unpaid principal balances, according to financial data firm Black Knight. In September, the number of loans that were more than 30 days past due rose.

Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential damage could impact as much as a $696 billion in notional mortgage values, which banks could be on the hook for if current occupiers decide to simply.

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Slideshow of a few shots over last 2 days of Hurricane Harvey aftermath 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,