In dollar terms, this means that there is some $517 billion in unpaid principal balances in, nearly three times the amount as in those related to Harvey and more than 11 times of those connected to Katrina.
$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And irma disaster areas Even though Hurricane Harvey didn’t hit the Houston area until very late in August, its effects are already being felt on mortgage. The 48 disaster areas affected by Irma include over 90 percent of.
$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas Disaster areas of Hurricane Harvey: 1.18 million mortgaged properties with $179 billion in unpaid mortgages. disaster areas of Hurricane Irma: 3.14 million mortgaged properties with $517 billion in unpaid mortgages. Many of these homes survived mostly unscathed.
Work.$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm 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.
The unprecedented nature of a natural disaster like Harvey makes both. In the Houston area and outlying areas hit by Hurricane Harvey, there are. with nearly four times the unpaid principal balance as there were in the.
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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.
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