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

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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm Filed Under: Uncategorized Tagged With: climate change, geoengineering watch, hurricane, hurricane harvey. 0 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas. 09/18/2017 By Jeremy E McDonald Leave a Comment

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

$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.

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Jason "Joe" NipoorQuantifying the damage, Black Knight calculates that Irma-related disaster areas contain nearly three times as many mortgaged properties as those connected to Hurricane Harvey, and nearly seven times as many as those connected to Hurricane Katrina in 2005.In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times.

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