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

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas. Hurricane Irma:. WHAT Came Out Of Hurricane Harvey? 8/28/17 – Duration:.

Quantifying the damage, Black Knight calculates that Irma-related disaster areas contain nearly three times as many mortgaged properties as those connected to Hurricane Harvey, and nearly seven times as many as those connected to Hurricane Katrina in 2005.In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times.

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.

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It’s true that the crossbenchers have the balance of power if Labor joins with the Greens to oppose legislation such as that to re-introduce the indexation of fuel excise. Equally, though, Labor could.

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This from Black Knight Financial Services (NYSE: BKFS) , which compared mortgaged properties in the FEMA-designated disaster areas in Houston to those in Hurricane. many as Harvey. Total unpaid.

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.

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.

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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.