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

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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.

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.

Existing disaster assistance programs provided. CBO projects that income will fall short of costs by about $1 billion each year. These projections were made before Hurricane Harvey and Hurricane.

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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*.

Hurricane Harvey Destruction & Damage TOUR  @DCIGS The report shows in disaster areas from Harvey and Irma combined, a total of $705 billion in unpaid principal balance was hit. in showing an uptick of 16% in mortgage delinquencies, and according.

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.

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In terms of dollars, Irma involved three times the projected unpaid balances of mortgages potentially impacted by Harvey and 11 times more than did Katrina. Irma-related disaster areas now include.

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.

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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.