· 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. So the mortgage balances of homes that have been severely damaged or destroyed remain uncertain but are significant.
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· 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.
Based on expected industry catastrophe losses in the range of $80 billion. In total, Hurricane Harvey accounted for 37% of the quarter’s cat losses, Hurricane Irma accounted for 45% and Hurricane.
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In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times the.
This from Black Knight Financial Services (NYSE: BKFS) , which compared mortgaged properties in the FEMA-designated disaster areas in Houston to those in Hurricane. many as Harvey. Total unpaid.
$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.
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 comparison,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.