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

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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$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.

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Re: $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas I have a great idea, instead of helping them, lets build a useless wall all along our southern border! Unless them rascals are smart enough to use a ladder, we will be totally safe!

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.

Although most mortgage. nearly $746 billion in unpaid principal balances, according to financial data firm Black Knight. In September, the number of loans that were more than 30 days past due rose.

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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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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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