· Black Knight: Over 3.1M Mortgaged Properties in irma disaster areas. black knight estimated that there are $517 billion in unpaid principal balances in Irma-related disaster areas, which is nearly three times the amount as in those related to Hurricane Harvey and more than 11 times of those connected to now-infamous Hurricane Katrina in 2005.
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· 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.
Fannie Mae FNMA Stock Message Board: [color=red][b]$700 Billion Unpaid Mortgage Balances In Hurricane Harvey
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· Average combined loan-to-value ratio for homeowners with mortgages in Hurricane Harvey-related disaster areas is 53 percent, holding an average of.
Hurricane Harvey is one of the most damaging U.S. natural disasters. It cost. The Houston metro area is the nation's fourth largest city with 6.6 million residents.
$700 billion unpaid mortgage balances in hurricane harvey and irma disaster areas September 19, 2017 September 19, 2017 The Scoop News – francesco abbruzzino facebook 0 twitter 0 Email LinkedIn 0 Messenger
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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The Hurricane Harvey disaster area covers the entire state of Texas.. be Offered to Displaced Victims of Hurricanes Harvey, Irma and Other Recent Disasters.
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [x] No [ ] Indicate by check mark if the registrant is not required to file.