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

$700 BILLION UNPAID MORTGAGE BALANCES IN HURRICANE HARVEY AND IRMA DISASTER AREAS SEPTEMBER 18, 2017 | ZERO HEDGE | WWW.ZEROHEDGE.COM | 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.

Total unpaid mortgage balances for Irma areas are $370 billion. If the correlation to Katrina 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. hurricane irma:. WHAT Came Out Of Hurricane Harvey? 8/28/17 – Duration:.

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.

Re: $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas and of course the mortgage companies and banks are totally generous by stopping them, until they have another house then.

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In total, 4.3 million properties with nearly $700 billion in outstanding mortgage balances are located in FEMA-designated disaster areas in Texas and Florida, according to a preliminary estimate by Black Knight Financial Services: Disaster areas of Hurricane Harvey: 1.18 million mortgaged properties with $179 billion in unpaid mortgages.

Foreclosure Settlement Checks Settlement checks sent to homeowners who were the victims of wrongful foreclosure by the nation’s largest banks have bounced. A total of $3.6 billion is being distributed to 4.2 million borrowers who.

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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.

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