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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.now contain nearly seven times as many mortgaged properties as those connected to Katrina, with more than 11 times the.
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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.
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.
$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.
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,
Black Knight’s Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas Have Negative or Limited Equity. The 48 FEMA.
Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance Options for Areas Impacted by Hurricane Irma Pete Bakel 202-752-2034. WASHINGTON, DC – In our ongoing efforts to support victims of natural disasters, Fannie Mae (FNMA/OTC) is reminding those in areas impacted by Hurricane Irma of the options available for mortgage assistance.
Hurricane Harvey Damage Estimated At $42 Billion, Among Most Costly US Storms Harvey would be about as damaging as Hurricane Ike, which struck Texas and parts of the Caribbean.
Florida Homeowner Liz Coursen’s Wins Big in RICO Case Against JPMorgan Chase et al Florida Homeowner Liz Coursen’s Wins Big in RICO Case Against JPMorgan Chase et al Hurricane Preparedness – Be Ready Mortgage Masters Group Buyers catch a break: Mortgage rates drop to 4.83% | Mel Gilson, Broker | Gilson Real Estate | Lakeland, Florida Ta Chen International, Inc. – Efficiency in Motion – (Manufacture & Leading Master.
$700 billion unpaid mortgage balances in hurricane harvey and irma disaster areas September 19, 2017 September 19, 2017 The Scoop News – Francesco Abbruzzino Facebook 0 Twitter 0 Email LinkedIn 0 Messenger 0 Shares
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