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

 · 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.

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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 · Average combined loan-to-value ratio for homeowners with mortgages in Hurricane Harvey-related disaster areas is 53 percent, holding an average of.

 · 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.

Total unpaid mortgage balances for Irma areas along total $370 billion. Florida is not Texas, but it could still take a major hit to mortgages in the coming months. black knight financial services also suggests that a larger percentage of Florida borrowers are insured compared to Texas borrowers but that it’s hard to quantify since the two storms were much different in their destruction and types of damage.

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The total estimated $71.4 billion cost of Sandy included not only repairs to. KEYWORDS disaster relief hurricane harvey hurricane irma hurricane. homes in the Harvey and Irma-related FEMA disaster area counties.

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

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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.