$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm

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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.

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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.

Fannie Mae Reminds Homeowners and Servicers of Mortgage Assistance Options for Areas Impacted by Hurricane Irma Pete Bakel 202-752-2034. WASHINGTON, DC – In our ongoing efforts to support victims of natural disasters, Fannie Mae (FNMA/OTC) is reminding those in areas impacted by Hurricane Irma of the options available for mortgage assistance.

 · 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*.

 · 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%.

$700 billion unpaid mortgage balances In Hurricane Harvey And Irma Disaster Areas. By Zero Hedge September 18, 2017. Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment. Cops and Robbers. Atlantic Tropical Storm Irma has formed, and could be a Hurricane by. More Posts. Page 1 of 2 1 2.

INSIDE Hurricane Irma from Naples Florida - Eyewall intercept In total, 4.3 million properties with nearly $700 billion in outstanding mortgage balances. services: Disaster areas of Hurricane Harvey: 1.18 million mortgaged properties with $179 billion in.

Harvey's hit to mortgages could be four times worse than predicted-and then there's Irma. in mortgage delinquencies as well, though the storms are difficult to compare.. FEMA-designated disaster areas in Houston to those in Hurricane. Total unpaid mortgage balances for Irma areas are $370 billion.