Re: 0 billion unpaid mortgage balances In Hurricane Harvey And irma disaster areas and of course the mortgage companies and banks are totally generous by stopping them, until they have another house then.
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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’s preliminary report on damages from Irma estimates the storm may have affected more than 3.1 million mortgaged properties, a number that represents $517 billion in unpaid principal.
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.
Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by black knight financial services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent on their loans and 160,000 could become seriously delinquent, or more than 90 days past due.
· Press Release Black Knight’s Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas Have Negative or.
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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