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.
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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 walk way.
REALIST NEWS – $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas
ZetaTalk Newsletter for October 1, 2017. Posted by Nancy Lieder on September 28, 2017 at 7:04pm;. $700 Billion Unpaid Mortgage Balances in Hurricane Harvey and Irma Disaster Areas September 18, Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary.
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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And irma disaster areas total unpaid mortgage balances for Irma areas are $370 billion. If the correlation worked, there could have been half a million mortgage delinquencies in Florida, but, again, the storms were different.
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.
Video Report: 50 foot tree falls on Venice home after Hurricane Irma – SNN This article was chosen for republication based on the interest of our readers. The Uncensored report (scoop news) republishes stories from a number of other independent news sources.
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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.