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

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 · Average loans net of unearned income of $7.9 billion, as compared to $7.2 billion for the third quarter of 2016. Period-end loans net of unearned income of $8.0 billion, as compared to $7.2.

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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. Read more. The Paul team’s enthusiasm is commendable. But.

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$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.

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 loans and 160,000 could become seriously delinquent, or more than 90 days past due.

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, 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 by Black Knight Financial Services: Disaster areas of Hurricane Harvey: 1.18 million mortgaged properties with $179 billion in unpaid mortgages.