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

$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 preliminary assessment released last week by Black Knight Financial.

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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.

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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.

$700B unpaid mortgage balances in Harvey and Irma disaster areas. Putting the Harvey damange in context, after Hurricane Katrina mortgage delinquencies in Louisiana and Mississippi disaster areas spiked by 25%. The same could happen in Houston, as borrowers without flood insurance weigh their options and decide to walk away from the property.

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Contents Disaster areas september 19 2017 september 19 Email linkedin 0 2017 hurricane season Knight released today Flood insurance weigh $700 billion unpaid mortgage balances in hurricane harvey and irma disaster areas september 19, 2017 september 19, 2017 The Scoop Read more.

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

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Re: $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas most banks and mortgage companies will grant "forbearance" on payments for at least six months to assess and hire contractors, and another six to twelve months to get repairs done.