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

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Even before Hurricane Harvey, Houston's economy was struggling. In total, 4.3 million properties with nearly $700 billion in outstanding mortgage balances are located in. Who Gets Hit by Mortgage Losses in Harvey and Irma Areas?. In all seriousness though, it'll be interesting to see how 'disaster.

See Texas Mortgage Relief Programs for Harvey Victims. many mortgaged properties in Houston with four times the unpaid loan balance of what. while about 350,000 in Hurricane irma disaster areas have either limited or negative equity.”. “Of the 3.2 million borrowers impacted by Irma, an estimated 170,000 were still.

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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas According to a preliminary analysis by Black Knight released today, Florida FEMA-designated disaster areas related to Hurricane Irma include a whopping 3.1 million mortgaged properties.

According to a preliminary analysis by Black Knight released today, Florida FEMA-designated disaster areas related to Hurricane Irma include a whopping 3.1 million mortgaged properties..Combining the preliminary estimates for both Harvey and Irma suggests.$696 billion in notional mortgage values,

 · Irma: More Than Half of Claims Unpaid, Delays Called Shameful. Four months after Irma formed, fewer than half its nearly 866,000 claims in Florida worth an estimated $6.6 billion.

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.

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.

Harvey's hit to mortgages could be four times worse than predicted-and. FEMA-designated disaster areas in Houston to those in Hurricane Katrina, and the. total unpaid mortgage balances for Irma areas are $370 billion.