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Harvey’s hit to mortgages could be four times worse than predicted—and then there’s 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 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’s hit to mortgages could be four times worse than predicted-and then there’s Irma . If you are unable to pay your mortgage due to Hurricane Irma contact our office for a free initial consultation to learn what your options are. Offices located in Orlando. (407) 894-6834 . As many as 300,000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane.

Harvey made landfall along the South Texas coast on Aug. 25, the first major hurricane to hit the continental United States since 2005. The hurricane quickly diminished into a tropical storm, but.

"Some of the structures and homes that flooded in Harvey had been flooded three and four times in the last three years," said Jeff Lindner, meteorologist for the Harris County Flood Control District.

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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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

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 As many as 300,000 borrowers could become delinquent on their loans after Hurricane Harvey, Black Knight Financial Services says.

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 · Then hurricane Irma hit. At one point, as 185mph winds lashed the tiny island of 75,000 people, which is split into French and Dutch territories, the Vickerys had climbed into the bath tub for.

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