Harvey’s hit to mortgages could be four times worse than predicted—and then there’s Irma

Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma As many as 300,000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey.

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Mortgage Industry News Return to Mortgage Industry News Harvey’s Hit to Mortgages Could Be 4 Times Worse Than Predicted–Then There’s Irma. Wednesday, September 13, 2017. As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages.

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There are 2.08 million mortgaged properties in irma-related fema disaster areas, more than four times that of Katrina and twice as many as Harvey. Total unpaid mortgage balances for Irma areas are $370 billion. If the correlation worked, there could have been half a million mortgage delinquencies in Florida, but, again, the storms were different. This is not to say, however, that Florida will not see a hit to mortgages in the coming months.

Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma As many as 300,000 borrowers could become delinquent on their loans after Hurricane Harvey, Black Knight Financial Services says.

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As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New estimates suggest as many as 300,000 borrowers will become delinquent on their.

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma . If you are unable to pay your mortgage due to Hurricane Irma contact our office for a free initial consultation to learn what your options are. Offices located in Orlando. (407) 894-6834 . As many as 300,000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey.

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma From cnbc.com As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages.