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

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.

Quantifying the damage, Black Knight calculates that Irma-related disaster areas contain nearly three times as many mortgaged properties as those connected to Hurricane Harvey, and nearly seven times as many as those connected to Hurricane Katrina in 2005.In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times.

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Contents Disaster areas september 19 2017 september 19 Email linkedin 0 2017 hurricane season knight released today flood insurance weigh $700 billion unpaid mortgage balances in hurricane harvey and irma disaster areas september 19, 2017 september 19, 2017 The Scoop Read more.

456,000 Total unpaid mortgage balances in Hurricane Irma-related FEMA disaster areas: $517 billion – Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: $179 billion -.

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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.

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According to Black Knight’s Mortgage Monitor report, most borrowers impacted by Hurricane. Irma’s disaster area is nearly twice the national average.” Between the two hurricanes, 4.4 million.

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 our analysis, we focus our attention on auto loans and home mortgages.. We find that following Harvey, residents in flooded areas, on the whole, had temporary. How a natural disaster like Harvey affects consumer credit balances depends on. about $3.2 billion in low-interest loans for those affected by the hurricane.

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