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

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Hurricanes could hit mortgages more than predicted 9.25.17 In: Real Estate Law MIAMI – Sept. 22, 2017 – The impact of the recent hurricanes Harvey and Irma on mortgages could be worse than predicted, according to new estimates from jacksonville-based black knight Financial Services.

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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*.

Even though Hurricane Harvey didn’t hit the Houston area until very late in August, its effects are already being felt on mortgage. The 48 disaster areas affected by Irma include over 90 percent of.

While Irma. Mortgage Monitor says the fema-designated disaster areas have over twice as many mortgaged properties as did the areas ravaged by Katrina, 1.18 million properties versus 456,000, and at.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No ¨ Indicate by check mark if the registrant is not required to file.

In comparison, Harvey-related disaster areas held 1.18 million properties – more than twice as many as with Hurricane Katrina in 2005 – with a combined unpaid principal balance of $179 billion. Irma-related disaster areas now contain nearly seven times as many mortgaged properties as those connected to Katrina, with more than 11 times the.

About Investing in a Home and Obtaining a Toronto Florida Mortgage Lenders Mortgage 0 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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