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

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.

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.

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.

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.

Even though Hurricane Harvey didn’t hit the Houston area until very late in August, its effects are already being felt on mortgage. The 48 disaster areas affected by Irma include over 90 percent of.

Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: $179 billion Total unpaid mortgage balances in Hurricane Katrina-related FEMA disaster areas: $46 billion Post-Katrina delinquency (30+ days) increase in FEMA-designated disaster areas: from 8.7 to 34 percent

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

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FEMA -designated disaster areas related to Hurricane Harvey are home to 1.18 million mortgaged 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 unpaid principal balance Post- Katrina mortgage delinquencies in Louisiana and Mississippi FEMA-designated disaster areas.

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

456,000 Total unpaid mortgage balances in Hurricane Irma-related FEMA disaster areas: $517 billion – Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: $179 billion -.

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