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

The Sun/Natural Disaster Connection | Space News.. Hurricane Harvey. $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas. 09/18/2017 By Jeremy E McDonald Leave a Comment (Zero Hedge) Even as the damage from Hurricanes Harvey and Irma is still being tallied, a.

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Hurricane Harvey’s Total Damage Will Be Shockingly Expensive to Repair.. but he expects the repair from Harvey to run a $200 billion tab. That would be the largest disaster ever to the hit the.

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.

Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: 9 billion Total unpaid mortgage balances in Hurricane Katrina-related FEMA disaster areas: $46 billion.

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Fannie Mae FNMA Stock Message Board: [color=red][b]$700 Billion Unpaid Mortgage Balances In Hurricane Harvey

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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 damage could impact as much as a $696 billion in notional mortgage values, which banks could be on the hook for if current occupiers decide to simply.

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