$700 BILLION UNPAID MORTGAGE BALANCES IN HURRICANE HARVEY AND IRMA DISASTER AREAS SEPTEMBER 18, 2017 | ZERO HEDGE | WWW.ZEROHEDGE.COM | 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.
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· Black Knight’s Mortgage Monitor: Most Borrowers Impacted by Hurricane Harvey Have Significant Equity; 350,000 in Hurricane Irma Disaster Areas.
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Hurricane Harvey is one of the most damaging U.S. natural disasters. It cost. The Houston metro area is the nation's fourth largest city with 6.6 million residents.
Among Florida metro areas, Orlando edges out Miami for CMBS exposure, with unpaid balances of $6.46 billion and $6.41 billion, respectively. Earlier, Morningstar said that 1,529 properties backing 1,277 CMBS loans, with an allocated property balance of $19.4 billion, may be at elevated risk because of major flooding in Texas spawned by Harvey.
$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm 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.
loss in Texas and Florida from Harvey and Irma was nearly 8 billion. roughly to billion worth of residential real estate was affected by Hurricane Harvey and $30 to $40 billion worth of. disaster areas were 1.18 million in Texas and 3.1 million in Florida. The number of properties
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