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

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma.. the sheer volume of homes hit by Hurricane Irma will likely cause an increase in mortgage delinquencies, but the comparison with Katrina does not work because of the different natures of the.

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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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. The sheer.

Harvey’s Hit to Mortgages Could Be Four Times Worse than Predicted–And then There’s Irma. CNBC, Sept. 13, 2017–Diana Olick 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.

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.

This week in real estate news includes how house flippers pull back in this high-priced market, Harvey and Irma’s hit to mortgages, and more.

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