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

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 · 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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Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No ¨ Indicate by check mark if the registrant is not required to file.

Securities Registered Pursuant to Section 12(g) of the Act: None 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.

In comparison, Harvey-related disaster areas held 1.18 million properties – more than twice as many as with Hurricane Katrina in 2005 – with a combined unpaid principal balance of $179 billion. Irma-related disaster areas now contain nearly seven times as many mortgaged properties as those connected to Katrina, with more than 11 times the.

mortgage Mortgage rates are continuing their downward spiral. According to Freddie Mac, the average rate on a 30-year fixed-rate loan has dropped to just 3.82%-down from 4.54% last June and its lowest point in.

About 4.8 million properties with a mortgage were in the paths of Hurricanes Harvey, Irma, and Maria. That represents $746 billion in unpaid principal balances, according to Black Knight, a financial data firm. The number of loans more than 30 days past due in September jumped 67 percent in areas affected by Hurricane Harvey and 48 percent in.

 · In Houston and the surrounding areas, there are over twice as many mortgaged properties and four times the unpaid principal balances compared to Katrina’s FEMA disaster zones.

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.

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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And irma disaster areas By Tyler Durden of ZeroHedge Wednesday, September 20, 2017 6:13 AM EDT Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight.