– 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 Black Knight will continue to monitor the longer-term impact of Hurricanes Harvey and Irma on mortgage performance moving forward and will report as appropriate.
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Irma’s disaster area is nearly twice the national average.” Between the two hurricanes, 4.4 million borrowers representing $705 billion in unpaid principal balance (UPB) were affected. By volume, the GSEs and Ginnie Mae have the most exposure (3.2 million loans, $466 billion in UPB), but
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.
· Irma: More Than Half of Claims Unpaid, delays called shameful. Four months after Irma formed, fewer than half its nearly 866,000 claims in Florida worth an estimated $6.6 billion.
$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas According to a preliminary analysis by Black Knight released today, Florida whopping 3.1 million mortgaged properties.to Hurricane Irma include a
· As DS News reported on Wednesday, property damage caused by Hurricane Harvey is projected by Moody’s Analytics to be between $51 billion and $75 billion, but.
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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Black Knight Preliminary Assessment Shows Over 3.1 Million Mortgaged Properties in Hurricane Irma Disaster Areas Representing $517 Billion in Unpaid Principal Balances
$700 billion unpaid mortgage balances in hurricane harvey and irma disaster areas September 19, 2017 September 19, 2017 The Scoop News – Francesco abbruzzino facebook 0 twitter 0 Email LinkedIn 0 Messenger
designated Irma disaster areas, representing approximately $517 billion in unpaid principal balances. In comparison, Harvey-related disaster areas held 1.18 million properties – more than twice as many as with
· Average combined loan-to-value ratio for homeowners with mortgages in Hurricane Harvey-related disaster areas is 53 percent, holding an average of.