Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma. As many as 300,000 borrowers could become delinquent on their loans after Hurricane Harvey, Black Knight Financial Services says. That is four times the original prediction because new disaster zones were designated and more homes flooded.
Harvey mortgage impact could be four times worse than predicted. 1:30 PM ET Wed, 13 Sept 2017. CNBC’s Diana Olick reports on the impact of home mortgages after Hurricanes Harvey and Irma.
Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma As many as 300,000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey.
Be Careful About Putting Only One Spouse’s Name on a Reverse Mortgage Reverse Mortgage Options When Spouse Dies. In fact, in some cases where both spouses were living in the house but only one was named on the home title, those non-borrowing spouses were left without many options after the borrower spouse died. These cases have been covered by mainstream media and often made headlines due to the unfortunate situation they presented.
Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma As many as 300,000 borrowers could become delinquent on their loans after Hurricane Harvey, Black Knight Financial Services says. That is four times the original prediction because new disaster zones were designated and more homes flooded.
September 13, 2017 Comments Off on Harvey’s Hit to Mortgages Could Be 4 Times Worse Than Predicted-Then There’s Irma Posted To: MND NewsWire As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages.
Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma cnbc.com As many as 300,000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey.
Harvey’s Hit to Mortgages Could Be 4 Times Worse Than Predicted-Then There’s Irma September 13, 2017 / 0 Comments / in Mortgage News & Info / by CNBC News Posted To: MND NewsWire
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Harvey mortgage impact could be four times worse than predicted As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New estimates suggest as many as 300,000 borrowers could become delinquent on their loans and 160,000 could become seriously delinquent, that is, more than 90 days past due, when banks initiate foreclosure proceedings.
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· There are 2.08 million mortgaged properties in Irma-related FEMA disaster areas, more than four times that of Katrina and twice as many as Harvey. 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 different. This is not to say, however, that.
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