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Texas could see 300,000 new delinquencies after Harvey.. with $46 billion in unpaid mortgage balances. First knight forecasts 9 billion post-Harvey.. If the Harvey-related disaster areas.
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Far more accurate is to follow the 10-year United States Treasury note as a predictor of the movement of mortgage rates. 0 billion unpaid mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And. – $700 Billion Unpaid Mortgage Balances In.
$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas According to a preliminary analysis by Black Knight released today, Florida FEMA-designated disaster areas related to Hurricane Irma include a whopping 3.1 million mortgaged properties.
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.
None of the Securities and Exchange Commission, any state securities commission, the Federal Deposit Insurance Corporation, the Board of Governors of the federal reserve system, the Texas Department.
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$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.
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.
Danielle DiMartino Booth, a former adviser to the president of the Dallas Fed, is the author of "Fed Up: An Insider’s Take on Why the Federal Reserve Is Bad for America," and founder of Quill.