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

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Contents Disaster areas september 19 2017 september 19 Email linkedin 0 2017 hurricane season Knight released today Flood insurance weigh 0 billion unpaid mortgage balances in hurricane harvey and irma disaster areas september 19, 2017 september 19, 2017 The Scoop Read more.

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AFTERMATH: Hurricane Harvey, VISITING MY HOUSE, Michaels House Is Under Water, Houston Flooding, EP1 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 report shows in disaster areas from Harvey and Irma combined, a total of $705 billion in unpaid principal balance was hit. That is spread across 4.38 million mortgaged properties.

Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential damage could impact as much as a $696 billion in notional mortgage values, which banks could be on the hook for if current occupiers decide to simply.

Last week, the Federal Emergency Management Agency designated 37 counties in Florida as disaster zones after Hurricane Irma. While the. that were in Hurricane Harvey’s path with a combined unpaid.

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 [ ] Indicate by check mark if the registrant is not required to file.

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.

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.

Hurricane. of all mortgaged properties in the state. Black Knight estimated that there are $517 billion in unpaid principal balances in Irma-related disaster areas, which is nearly three times the.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No o Indicate by check mark if the registrant is not required to file.

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