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

The reduction in property catastrophe net premiums written primarily related to a lower level of reinstatement premiums, as the 2017 third quarter included $15.8 million related to Hurricanes Harvey,

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.

AFTERMATH OF HURRICANE IRMA AT OUR HOUSE. (we got hit hard) $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas According to a preliminary analysis by Black Knight released today, Florida FEMA-designated disaster areas related to hurricane irma include a whopping 3.1 million mortgaged properties.

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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According to a preliminary analysis by Black Knight released today, Florida FEMA-designated disaster areas related to Hurricane Irma include a whopping 3.1 million mortgaged properties..Combining the preliminary estimates for both Harvey and Irma suggests.$696 billion in notional mortgage values,

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.

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.

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 · Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies, with 160,000 Borrowers Becoming Seriously Past Due. 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 Post-Katrina.

$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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