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

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In total, the number of mortgaged properties in Texas disaster zones is 1.18 million, with Black Knight adding that houston disaster zones contain twice as many mortgaged properties than Katrina zones, with four times the unpaid principal balance. Putting the Harvey damange in context, after Hurricane Katrina mortgage delinquencies in Louisiana and Mississippi disaster areas spiked by 25%.

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– Total unpaid mortgage balances in Hurricane harvey-related fema disaster areas: 9 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.

Who Gets Hit by Mortgage Losses in Harvey and Irma Areas? by Wolf Richter – Wolf Street "We need to ask for a policy change because the burden with these losses is too big." Somebody is going to pay for losses on mortgages of homes that were destroyed by Hurricanes Harvey and Irma.

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This from Black Knight Financial Services (NYSE: BKFS) , which compared mortgaged properties in the FEMA-designated disaster areas in Houston to those in Hurricane. many as Harvey. Total unpaid.

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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Forbearance plans will help as well, though interest on the mortgage will. properties in harvey-related disaster areas, more than twice as many as were hit by Hurricane Katrina, with nearly four.

FEMA-designated disaster. properties Harvey-related disaster areas contain over twice as many mortgaged properties as those connected to Hurricane Katrina in 2005, carrying nearly four times the.

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