In dollar terms, this means that there is some $517 billion in unpaid principal balances in, 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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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas. 09/18/2017 By Jeremy E McDonald Leave a Comment ()
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· Black Knight’s Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas.
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Florida FEMA-designated disaster areas related to Hurricane Irma include over 3.1 millioncontain nearly thr.
Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and, 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.
Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: $179 billion Total unpaid mortgage balances in Hurricane Katrina-related FEMA disaster areas: $46 billion Post-Katrina delinquency (30+ days) increase in FEMA-designated disaster areas: from 8.7 to 34 percent
The unpaid mortgage balances in Irma-related disaster areas were assessed to be at $517 billion, compared to $179 billion in Harvey-related areas and $46 billion in Katrina-related areas.
· roughly 4.8 million mortgaged properties were in the paths of Hurricanes Harvey, Irma, and Maria, representing nearly $746 billion in unpaid principal balances, according to.
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Disaster areas of Hurricane Harvey: 1.18 million mortgaged properties with $179 billion in unpaid mortgages. Disaster areas of Hurricane Irma: 3.14 million mortgaged properties with $517 billion in unpaid mortgages. Many of these homes survived mostly unscathed. So the mortgage balances of homes that have been severely damaged or destroyed.
· Black Knight estimated that there are $517 billion in unpaid principal balances in Irma-related disaster areas, which is nearly three times the amount as in those related to Hurricane Harvey and more than 11 times of those connected to now-infamous Hurricane Katrina in 2005.