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

Fannie mae fnma stock message Board: [color=red][b]$700 Billion Unpaid Mortgage Balances In Hurricane Harvey

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*.

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.

Still, there are 1.18 million mortgaged properties in Harvey-related disaster areas, more than twice as many as were hit by Hurricane Katrina, with nearly four times the unpaid principal balance.

Black Knight Preliminary Assessment Shows Over 3.1 Million Mortgaged Properties in Hurricane Irma disaster areas representing $517 Billion in Unpaid Principal Balances

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In comparison, harvey-related disaster areas held 1.18 million properties – more than twice as many as with Hurricane Katrina in 2005 – with a combined unpaid principal balance of $179 billion. Irma-related disaster areas now contain nearly seven times as many mortgaged properties as those connected to Katrina, with more than 11 times the.

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Securities Registered Pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes X No.

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There are 2.08 million mortgaged properties in Irma-related FEMA disaster areas, more than four times that of Katrina and twice as many as Harvey. 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.