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

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas By Tyler Durden of ZeroHedge Wednesday, September 20, 2017 6:13 AM EDT Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight.

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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 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 loans and 160,000 could become seriously delinquent, or more than 90 days past due.

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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.

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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Harvey-related disaster areas contain over twice as many mortgaged properties as those connected to Hurricane Katrina in 2005, carrying nearly four times the unpaid principal balance Post-Katrina mortgage delinquencies in Louisiana and Mississippi FEMA-designated disaster areas soared 25 percentage points, peaking at over 34 percent

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$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