Harvey’s hit to mortgages could be four times worse than predicted—and then there’s Irma

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 · A group of real estate agents who colluded to push up local. The secret emails that landed a UK real estate cartel with a $500,000 fine. Harvey’s hit to mortgages could be four times worse.

 · 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 Power Lunch 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

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Mortgage Industry News Return to Mortgage Industry News Harvey’s Hit to Mortgages Could Be 4 Times Worse Than Predicted–Then There’s Irma. Wednesday, September 13, 2017. 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 Black Knight Financial initiated with an Outperform at William Blair

 · Four of the seven – Harvey, Irma, Jose and Maria – have reached Category 3 or higher, the threshold for a major hurricane on the Saffir-Simpson scale..

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If you’re a mass consumer of financial punditry as we are, you’ve probably heard the term “black swan”. In the context of investing, a black swan is.

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma As if Hurricane Harvey wasn’t enough of a hit for mortgage holders, Irma might mean four times as many homeowners will be affected by weather in the southeast.

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 Florida will not see a hit to mortgages in the coming months.

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