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 many as 300,000 borrowers could become delinquent on their loans when banks initiate foreclosure proceedings after Hurricane Harvey.
But in the past two years, three major hurricanes have hit the U.S. mainland – Michael, Harvey and Irma. And Maria hit Puerto Rico. the rainfall intensity and the flooding. This was all predicted.
the sheer volume of homes hit. 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..
While Harvey’s record rainfall drenched southeastern Texas and western Louisiana, flooding Houston in over 4 feet of water, Irma’s winds – if they stay as strong as they were Tuesday evening.
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.
Appraisal Buzz The latest Buzz on the appraisal industry. subscribe; news.. harvey’s Hit to Mortgages Could Be 4 Times Worse Than Predicted-Then There’s Irma. Mortgage News Daily September 13, 2017 Leave a comment.
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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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