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 when banks initiate foreclosure proceedings after Hurricane Harvey.

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.

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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.

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Harvey damaged 203,000 homes in Houston – at least that’s the number I read this morning. I’m sure it’s going to go up. I read 90% of homes destroyed did not have flood insurance. Irma looks to be headed to Florida. She’s the biggest hurricane in recorded history. Katrina hit New Orleans in 2005 and did billions of dollars of damage.

Save The Tiger The Loop Current changes position, depth, and strength over the years, so it can make predicting hurricanes really hard (Gyory, Mariano, and Ryan, 2005). A hurricane that is relatively small that hits the Loop Current can suddenly strengthen to a Category 4 or.

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma September 13, 2017 | Diana Olick, NBR, CNBC.com Getty Images

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